Starry, Aiming to Take On Its Bigger Rivals, Raises $100 Million
FirstMark-backed Starry, the Boston-based wireless Internet service, has raised an additional $100 million in their latest funding round. They’ll use the new funds, in part, to expand nationally across the United States.
Starry uses a type of extremely high-frequency radio technology to deliver broadband Internet service at speeds rivaling those from landline broadband companies such as Comcast Corp. and Verizon Communications. It recently was launched in Los Angeles and Washington, D.C., and has begun building networks in 14 other cities, including New York, Chicago, Seattle, Cleveland, and Indianapolis.
The technology requires only a small exterior antenna that is wired into a building’s communications equipment. In Boston, Starry has targeted apartment buildings and says its service can reach 300,000 households here. It charges $50 per month for a connection with speeds of up to 200 megabits per second.
The surge of new cash will support the company’s network buildout.Read the full article on The Boston Globe