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Flume lights up dark fiber to bring fast internet to more people – businesstraverse.com

It’s the craziest thing – in major cities about 30% of houses have fiber optic cable running past the house because of a local mobile site or business customer, but a number of people are still using dial-up speeds. Flume Internet is leveraging underutilized fiber capacity to bring high-speed Internet to more people, including the New York Housing Authority, its partner in bringing high-speed Internet to populations that have traditionally been a low priority for telcos.

The company’s goal is to leverage its asset-light approach and scale to more than 20 markets in the coming years with infrastructure partners and asset owners. A big part of its mission is to connect under-connected neighborhoods. The company’s primary customer in New York is NYCHA with hundreds of homes connected to Flume through the government’s Affordable Connectivity Program. The company has seen rapid growth as a result of the pandemic as many cities and apartment complex owners want cheaper, fast options. A key part of their vision is to accelerate the deployment of fiber in the remaining 60% of homes in the country in a carrier-neutral manner.

The company suggests that only about 9% of homes have an option for true fiber-to-the-home — in other words, the entire network between your home and the provider’s data center is fiber.

Flume has developed a compact edge data center that allows it to serve thousands of gigabit customers from a single rack of data center space. They are using this technology to map and power broadband over unused or “dark” fiber optic cables in cities across the US to bring broadband options to homes and apartment buildings at a fraction of the cost. The company claims that most cities have 10-15 unused fibers for every residential building. The goal is to be the largest fiber ISP in the US that still controls the packet path from the end user to the data center, ie does not buy or resell last-mile traffic.

Flume secured $3.5 million in funding late last year, but decided to announce the round now. Amplo and Hyperplane.vc led the round together, involving the Citi Impact Fund and The Fund NY.

The company’s service is now available in ‘thousands’ of homes and plans to be available in more than 20,000 homes by the end of the year.

Shreya Christinahttps://businesstraverse.com
Shreya has been with businesstraverse.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesstraverse.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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