U.S. Intelligent Fiber Network raises $13 mln in its third equity funding

U.S. commercial fiber broadband provider Intelligent Fiber Network announced that the company has collected around $13 million in its third capital funding.

Intelligent Fiber Network received the funds from a new investor, Wabash Valley Power, and existing investors, Heartland Innovations, Inc., Rochester Telephone Co., LightStream, Monon Telephone Co. among others.

The company intends to use the new funds to continue expanding and deepening its high-speed fiber network and access new customers.

The company will also use the new capital to extend the fiber to new areas, while also making investments in network upgrades to ensure reliability, stability and scalability for the future.