GiGstreem has grown over the years to become one of the leading internet service providers in the United States. The company’s goal of delivering in-building gigabit internet service to as many people as possible across the country recently received a boost after securing a $50-million investment from Crestline Investors, Inc. The institutional alternative investment management firm aims to support GiGstreem’s continued growth strategy in deploying its Ubiquitous WiFi platform to multifamily properties across the U.S.
“The pandemic has created a major shift in how people utilize their apartments, with millions of residents now accustomed to working from home on a regular basis. As the importance of reliable web service has grown, it has exposed the capacity issues of traditional providers,” said GiGstreem CEO Joel McIntyre. “We are excited to partner with Crestline and to receive this funding, which will enable us to expand our Ubiquitous WiFi platform to hundreds of thousands of units across 15 new metropolitan areas,” he continued.
GiGstreem leverages their state-of-the-art technology to offer buildings and communities continuous property-wide WiFi coverage on their own private network, ultimately facilitating the next generation of wireless and technology-enabled services including IoT, smart devices, in-building mobility, and building management systems.
The company’s solutions have become increasingly popular in recent times, with the pandemic exposing the limitations of the large providers’ networks. Consequently, the likes of GiGstreem, providing purpose-built networks, have helped property owners address their needs. GiGstreem has mastered large-scale connectivity, a feature that stands the company out from its contemporaries.
The recent partnership with Crestline will provide GiGstreem with capital to continue its growth strategy across major U.S. cities. “We are thrilled about the market opportunity that GiGstreem represents and believe the Ubiquitous WiFi platform currently being deployed is a great value proposition that consumers are increasingly demanding in a post-COVID environment. We believe that Joel McIntyre (CEO) and Andrew Kusminsky (COO) are the right guys for the job,” said Crestline Investors Partner Will Palmer.
For more information about GiGstreem and the range of services offered by the company, please visit – https://gigstreem.com/. GiGstreem can also be found across social media, including Facebook and Instagram.
GiGstreem was launched in 2017 as a premier in-building gigabit internet service provider. The company currently operates in multiple east and west coast markets providing services to commercial businesses, residential communities, and multi-tenant properties.