High-speed Internet access company STSN has raised $46.5 million in its fourth round of funding. Siemens and On Command led the round, with previous investors Marriott International, Intel, Vantage Point Venture Partners, APV Technology Partners and ThomVest Holdings joining in. A representative from Siemens will join STSN's board of directors.
STSN, based in Salt Lake City, has raised a total of $156.5 million, and its valuation has dropped slightly from the previous round, Chief Executive Will West said. West added, though, that considering the market's steep decline, he is pleased with the valuation his company received. STSN's service targets the hotel industry and allows customers to use an Ethernet or USB connection without changing their computer settings to get a high-speed connection.
See complete list.
Facebook wants to show it's a force for good amid scandals: At Facebook's Communities Summit, the social network unveils updates to tools for blood donations, nonprofits and mentorships.
Qualcomm-FTC lawsuit: Everything you need to know: The antitrust case could decide how smartphones get made in the future -- and what they cost.
Discuss: ISP grabs $46.5 million
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.