The never-ending quest to kill Comcast is poised to welcome some renewable investment as an ambitious startup to secure some new money.
astral, A Boston-based broadband wireless company, has raised up to $ 125 million in category "D" funding in accordance with the Delaware stock license, Book the stadium. If Starry closes all authorized licenses, the post-money valuation will be valued at $ 870 million.
A spokesman for the company confirmed that it had already raised a new capital, but doubted the figures. The company has already collected more than $ 160 million from investors including FirstMark Capital and IAC. The company recently closed the C series worth $ 100 million last July.
Internet startup relies on a different approach to fiber competitors by relying on the radio tower and high-altitude transmitters that send wavelength signals to receivers connected to existing building wires. Customers with And the stars Touch screen routers can rotate through setup, contact customer service, customize parental controls, and perform speed tests. The company claims that its solution can provide up to 200 Mbps / download / download service for only $ 50 per month with no data limits or long-term contracts.
The technology is not without skeptics, while fiber-optic cables have proven to be expensive for Internet companies, as airwaves with high-frequency radio waves have a range of problems. The severe weather signal and obstacles can be affected, although Starry has indicated that it is satisfied with its performance in less than ideal conditions.
""We have built a strong network in Boston and our technology is working well," Chief Executive Chet Cannogia told us last year. "It has been a full year of seasonal testing for various weather conditions and foliage, and we were very happy with the performance of our network."
Last year saw a major expansion of Starry, which expanded beyond its local market in Boston, and is now present in Los Angeles, New York City, Denver and DC.
Kanojia was founded by Aereo, which raised $ 97 million of VC funding with the dream of allowing consumers to watch live TV online. The company proved some flaw in its time, and was closed as a result of the Supreme Court case brought by the major broadcast networks.