VETRO Will Use This Round of Funding, Led by Resolve Growth Partners, to Grow the Capabilities and Adoption of its Fiber Management System Among Telecoms, Operators, and State and Local Broadband Stakeholders PORTLAND
VETRO Inc Raises $12M in Funding to Support and Accelerate Unprecedented Global Broadband Infrastructure Investments saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
A bucketload of money is arriving in Maine from federal and state funding sources including at least $100 million through the $1.9 trillion American Rescue Plan to expand broadband access.
Now a $12 million round of private investment positions a Portland fiber mapping company to capitalize on that expansion.
VETRO Inc. on Wednesday announced the completion of the raise.
The funding, led by Baltimore-based Resolve Growth Partners with additional investment by Manchester, N.H.’s York IE and others, will give VETRO more opportunity to to expand its software products and to recruit talent in support of the company’s growth, according to a news release.