VETRO, a provider of fiber management software, has completed a $20 million follow-on financing round led by Resolve Growth Partners. Maine Venture Fund also participated in the round.
After Resolve made its initial investment in 2021, VETRO has scaled its business by 5x, fueled by strong market tailwinds, customer growth, momentum moving upmarket, and expansion across the network ecosystem, including into long-haul, middle-mile, backbone, and data center networks.
Since then, VETRO has continued attracting high-caliber leaders from direct competitors to help drive its next growth phase.
Will Mitchell, CEO of VETRO, said the new “capital allows us to accelerate our vision to power the next generation of intelligent, automated networks – when connectivity infrastructure is becoming a strategic national priority for enabling the AI-driven economy.”
VETRO’s cloud-native platform enables network operators to map, manage, and monetize network infrastructure with greater precision, speed, and intelligence.
The company’s software also enables automated workflows, accelerating execution and driving time to revenue faster. Regardless of size or internal resources, VETRO democratizes fiber management by empowering any ISP, engineering firm, or network operator to execute Tier 1-grade fiber management.
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