SiFi Networks (SiFi), the leading North American developer of open access fiber optic networks, has successfully secured significant capital which will allow the company to meet the pent up demand for high speed connectivity across the USA.
An initial investment of up to $50 million will enable SiFi to expand into more cities simultaneously through the recruitment and training of additional industry specialists and accelerate SiFi Networks' FiberCity deployments. A further support of up to $400 million will provide the project funding for the building of new fiber networks enabling future-proof connectivity and new digital services throughout several cities in the US. The capital has been provided by the Smart City Infrastructure Fund, a global investment fund cornerstoned by APG, the largest pension delivery organization in the Netherlands, and managed by Whitehelm Capital.
SiFi funds, builds and owns FiberCity networks for use by ISPs (Internet Service Providers), 4G/5G carriers and other service providers wishing to deliver ubiquitous high-speed broadband services to business and residential properties as well as connectivity for city-wide IoT (Internet of Things) applications.
FiberCity networks will revolutionize the way that connectivity services are delivered by eliminating the need for unsightly and unreliable over ground cabling. SiFi claims that its 'dig-once' methodologies provide future-proofed infrastructures offering over 99.999% availability. They allow new smart city initiatives in key government services, such as telemedicine, facial recognition, traffic control, autonomous vehicles, street lighting and emergency services, to be quickly and easily connected.
Mike Harris, founder of SiFi Networks
We are excited to have successfully secured this funding which will enable SiFi to capitalize on its position as one of the USA's leading providers of privately funded open access, city-wide fiber networks delivering high speed broadband to homes and businesses.
