BOSTON–Boston-based Starry Inc., a startup founded by CEO Chet Kanojia, has raised another $69 million, Boston Business Journal reported quoting a federal filing.
“The new cash fills out a round that Starry began raising about six months ago with a $31 million haul,” Boston Business Journal said. “A company spokesperson declined to comment on the U.S. Securities and Exchange Commission filing, but said the four-year-old Starry has now raised $163 million in total.”
Starry founder and CEO Kanojia previously founded Aereo, which was shut down following a June 2014 ruling from the U.S. Supreme Court that found Aereo was violating copyright law.
“The fundraising comes as Starry looks to drastically expand its wireless broadband technology in cities around the country. Rather than connecting homes to the internet via underground fiberoptic cables, like internet service providers do today, Starry aims to beam internet signals to home receivers over the air,” Boston Business Journal said.
Starry employs more than 250 people, including in offices in New York, Los Angeles and Washington. The company’s investors include FirstMark Capital, Tiger Global, IAC, KKR, HLVP and Quantum Strategic Partners, all of whom invested in the latest round, reported Boston Business Journal citing a company spokesperson.