GiGstreem pulls in $10M in Series B funding round led by RET Ventures

networking
GiGstreem, which was founded in 2016, raised $10 million in a Series B round of funding. (Pixabay)

Tyson, Virginia-based GiGstreem raised $10 million in a Series B funding round that was led by RET Ventures, with participation from LNC Partners.

GiGstreem provides residential and commercial internet service through a mesh of fiber-optics and fixed wireless technologies across Baltimore, New York, South Carolina, Orlando and Virginia. It offers broadband speeds from 100 Mbps up to 10 Gbps.

GiGstreem offers temporary connectivity, including Wi-Fi, for events and venues. It also provides direct peering to streaming and cloud content providers. 

Sponsored by Ciena

Adaptive means game-ready networks

Gaming hinges on an instantaneous, flawless experience. To compete, your network must adapt. Let the games begin. Game on.

“High-speed, reliable internet service is a non-negotiable in the multifamily industry,” said RET Ventures managing director John Helm, in a statement. “Not only are we seeing the ‘hotelification’ of the industry, where residents expect many of the amenities offered at a high-end hotel, the increasingly prevalent remote workforce and the move away from traditional cable television means that constant connectivity is of the utmost priority."

RELATED: Wireline broadband growth eases as residential connections approach 99 million homes—report

GiGstreem has brand relationships with Sony, Buzzfeed, Google, Microsoft, Samsung, Yahoo and Nike, among others.

Suggested Articles

On Tuesday, Arista Networks announced new capabilities and integrations on its CloudVision 2019 software platform to help organizations reduce their…

Stephenson credited the company’s efforts to virtualize 75% of its core network functions as paying off in big cost savings.

Megaport has expanded the footprint of its flagship virtual routing platform, Megaport Cloud Router (MCR), and added more capabilities.