DAWN, a decentralized broadband network based in New York, has made headlines by securing $13 million in a Series B funding round. This significant investment, led by Polychain Capital, marks a pivotal moment for the company as it aims to enhance its wireless broadband services across the United States and beyond. The publication provides the following information:
DAWN Secures New Funding for Network Expansion
The recent funding will enable DAWN to expand its network infrastructure, facilitating better connectivity for users in various regions. With this latest round, DAWN's total funding has now surpassed $48 million, showcasing strong investor confidence in its vision and technology.
Previous Funding Rounds and Strategic Investments
Previously, DAWN raised capital through a Series A round and an extension led by Dragonfly Capital, along with a strategic investment from asset management firm VanEck. This financial backing underscores the growing demand for decentralized internet solutions and positions DAWN as a key player in the broadband sector.
Nanto city has announced plans for Japan's largest data center hub, highlighting a significant shift in tech infrastructure, contrasting with DAWN's recent funding for broadband expansion. For more details, see read more.
