Flume turns on dark fiber to bring fast internet to more people.

This is the most dangerous thing. Although about 30% of homes in major cities have fiber optic cables running in front of their homes due to local cell sites or corporate customers, many people still use dial-up speeds. plum internet is leveraging less used fiber optic capacity to make high-speed internet available to more people. This includes the New York Housing Authority, a partner that provides high-speed internet to a population that has traditionally been a low priority for telecommunications companies.

The company’s goal is to take an asset lightweighting approach and expand to more than 20 markets over the next few years with infrastructure partners and asset owners. A big part of its mission is to connect unconnected neighbors. The New York-based company’s primary customer is NYCHA, which has hundreds of homes connected to Flume through the government’s low-cost connectivity program. The company has seen rapid growth in the pandemic as many city and apartment building owners want cheaper and faster options. A key part of their vision is to accelerate the deployment of fiber across the remaining 60% of residences across the country in a carrier-neutral manner.

The company suggests that only about 9% of homes have a true fiber optic option for their homes. This means that the entire network between the home and the provider’s data center is fiber optic.

Flume has developed a compact edge data center capable of serving thousands of gigabit customers in a single rack of data center space. They are using this technology to map and power broadband over unused or “dark” fiber optic cables in cities across the United States, providing low-cost home and apartment buildings with a home broadband option. The company claims that in most cities there are 10-15 unused fibers per residential building. Its goal is to become the largest fiber optic ISP in the United States that still controls the packet path from the end consumer to the data center. That is, we do not buy or resell last mile traffic.

Flume raised $3.5 million in funding late last year, but has decided to announce the round now. Amplo and Hyperplane.vc co-led the round with the participation of the Citi Impact Fund and The Fund NY.

The company’s services are currently being offered to ‘thousands of households’, with plans to reach more than 20,000 by the end of this year.

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