Sun sets on satellite operator ProtoStar
ProtoStar, a company that leases satellite usage to broadband providers in Asia, has filed for bankruptcy and is moving quickly to sell off its remaining satellites, reports VentureWire. The San Francisco-based company fell upon hard times when it lost two customers to the economic downturn, putting one of its satellites out of commission.
ProtoStar still has a sizable amount of debt, but its creditors have begrudgingly agreed to keep it afloat until it sells off its… Continue Reading
DigitalBridge lands $16.5M for rural wireless growth
Wireless broadband provider DigitalBridge Communications snagged $16.5 million in a third round of funding, including $8.5 million in debt. The money will be used to scale the business, which focuses on expanding wireless broadband services to rural areas.
The three-year-old company has established service in 15 markets in Idaho, Indiana, Montana, South Dakota, Wyoming and Virginia. It also launched a commercial WiMAX network in Jackson, Wyo. in June, and introduced voice over Internet protocol (VoIP) services… Continue Reading
VBrick snags $10.4 for streaming video
Vbrick Systems is a relatively old member of the online video scene. For a decade it’s provided technology to websites for video hosting. As the field has evolved, so has the company, which just raised $10.4 million and plans to launch new hardware and software for streaming and pay-per-view video. The contribution went toward a $15.7 million sixth round of funding that remains open.
The Wallingford, Conn.-based company also hopes to bring in money by embedding… Continue Reading
DigitalBridge Communications raises $20M for rural broadband
Whether WiMAX will ever appear from major providers like Sprint is uncertain, but DigitalBridge thinks it can effectively sell the service by offering it to small rural communities.
The company plans on serving markets with fewer than 150,000 residents, of which there are quite a few, in the vast middle spaces between the United State’s two coasts.
The $20 million funding was led by Paladin Capital Group. Previous investors CNF Investments, Novak Biddle Venture Partners and Redshift… Continue Reading