January 20, 2017
January 20, 2017
PALO ALTO, CA – Sail Internet is pleased to announce the recent close of their seed round of funding, led by Engineering Capital and Ulu Ventures. Better Ventures, v1.vc and the Stanford-StartX Fund also participated. The funding will enable Sail to grow the team and expand Sail’s highly rated wireless internet service to more areas.
“We are excited to be partnering with such a great team of investors. In addition to investment capital, each of our investors is bringing unique skills and experience that will help us to develop and expand our business,” said Sail Internet CEO Kevin Fisher.
“There hasn’t been significant innovation in fixed internet access for many years. Sail Internet has developed an exciting new approach with the potential to improve access for millions of customers,” said Ashmeet Sidana, Chief Engineer, Engineering Capital who has also joined the Board of Directors along with the financing.
Sail Internet’s technology and service delivery model have enabled a great customer experience at an affordable price. A large fraction of Sail customers learn about the company from referrals and social media posts from Sail’s existing customer base. Sail is currently live with service in the Warm Springs area of Fremont, CA. Thousands of residents from other parts of the Bay Area have requested Sail to expand and provide service in their communities. Sail Internet intends to expand rapidly with this financing.
About Sail Internet
Founded in 2015, Sail Internet offers customers a solution to the slow internet and expensive television packages offered by cable and phone companies. Sail delivers high-speed internet through dedicated wireless antennas directly to homes and small to medium-sized businesses. Sail was founded by experts and innovators from the internet access industry, led by Kevin Fisher, PhD, Stanford University and formerly Engineering VP at 2Wire and Ikanos; George Ginis, PhD, also from Stanford and ASSIA; and Dana Tom, who leads customer development.