Greenlight Networks, a provider of ultra-high-speed fiber-optic internet services, has secured $24.0 million in new funding. This significant investment will support the company's ongoing expansion efforts and network development. Founded in 2011, the Rochester, New York-based firm specializes in delivering broadband connections offering speeds up to 8 gigabits per second to both residential and small business customers, addressing the growing demand for robust internet infrastructure.
The company distinguishes itself by building, owning, and operating its entire fiber-optic network, which allows for direct control over service quality and reliability. Greenlight Networks currently extends its services across several key regions within New York State, including its headquarters city of Rochester, as well as Buffalo, Binghamton, Albany, and the Hudson Valley. This operational model underpins its commitment to providing consistent, high-performance internet access.
The newly raised capital is earmarked for accelerating Greenlight Networks' strategic growth initiatives. These funds are specifically intended to facilitate the expansion of its advanced fiber-optic network into additional communities and to further enhance the capabilities of its existing infrastructure. This investment is critical for the company as it aims to meet the escalating consumer and business demand for superior high-speed internet access and solidify its competitive standing in the market.
Looking ahead, Greenlight Networks plans to strategically deploy this funding to broaden its service footprint, connecting more homes and businesses to its ultra-fast network. The company remains dedicated to its mission of delivering an exceptional customer experience through cutting-edge network technology and is focused on its continued growth trajectory across its expanding service areas.
