The company uses radio-frequency signals instead of that improve its performance.
Boston-based wireless broadband internet startup has filed to raise up to US$ 125 million for Series D funding. If Starry is able to complete full authorized raise, it will value around US$ 870 million. The company has already received US$ 160 million from IAC and FirstMark Capital. In July of 2018, the company closed US$ 100 million for Series C funding. The innovative internet startup is taking a different approach from fiber-toting competitors by relying on the audio tower and high rise mounted transmitters. Starry’s customers get slick touchscreen routers that can whirl through set up, contact service providers, conduct speed tests and customize parental control.
The company believes its solution can provide up to 200Mbps up/download service for just US$ 50 per month. The company does not ask its customers for long-term contracts and data caps. “We’ve built a robust network in Boston and our technology is working well. We’ve gone through a full year of seasonality to test various weather and foliage conditions and we’ve been very happy with our network’s performance,” said Starry CEO Chet Kanojia in 2018. Starry uses high-frequency radio waves for its service instead of fiber cable.
However, it has severe problems with harsh weather which affects its performance. Starry says they are content to improve the performance in less-than-ideal conditions. In 2018 Starry expanded from Boston, reaching in Los Angeles, Washington DC, Denver, and New York City. The company CEO has previously founded Aereo that raised US$ 97 million through venture capital funding. The company was a bit disruptive during that time and was shut down after the Supreme Court’s results about major broadcasting networks.