[NEWS] Wireless broadband startup Starry files to raise up to $125 million – Loganspace

[NEWS] Wireless broadband startup Starry files to raise up to $125 million – Loganspace

The never-ending quest to murder Comcast is poised to receive some renewed funding as an ambitious startup readies to stable some new money.

Starry, a Boston-basically based wi-fi broadband web startup, has filed to interact up to $125 million in Series D funding in step with a Delaware inventory authorization submitting uncovered byPitchbook. If Starry closes the beefy authorized raise this can advantage a put up-money valuation of $870 million.

A spokesperson for the corporate confirmed it had already raised new capital, but disputed the numbers. The company has already raised over $160 million from merchants including FirstMark Capital and IAC. The company most fair now not too long within the past closed a $100 million Series C this previous July.

The secure startup takes a sure methodology from fiber-toting competitors by relying on radio tower and excessive upward push-mounted transmitters that dispatch millimeter wavelength indicators to receivers linked to a constructing’s existing wiring. Customers withStarry’sslick touchscreen routers can whirl by setup, contact buyer carrier, tailor parental controls and habits flow tests. The company claims its resolution can present up to 200 mbps up/download carrier for honest $50 per thirty days without a files caps or long-time interval contracts.

The technology is now not with out its skeptics, while laying fiber optic cable has confirmed to be a plush project for web companies, going over the airwaves with the corporate’s excessive-frequency radio waves has its hang put of concerns. Signal can be plagued by harsh weather and obstacles, even supposing Starry has indicated they are enlighten with their efficiency in much less-than-most attention-grabbing stipulations.

We’ve constructed a sturdy network in Boston and our technology is working successfully,” CEO Chet Kanojia suggested us final twelve months. “We’ve long previous by a beefy twelve months of seasonality to test varied weather and foliage stipulations and we’ve been very gratified with our network’s efficiency.”

Closing twelve months marked a serious interval of expansion for Starry, which expanded beyond its dwelling market of Boston and now holds a presence in Los Angeles, Contemporary York City, Denver and DC.

Kanojia previously basically based Aereo, which raised $97 million in VC funding with the dream of letting customers take a look at out dwell TV over the secure. The company proved a bit too disruptive for its time, and used to be shut down because the terminate result of a Supreme Court case prompted by main broadcasting networks.

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