VETRO Fiber Map

NBT Solutions, LLC is a U. S. -based company specializing in cloud-native fiber management solutions, designed to enhance operational efficiency for fiber network operators. Founded in 2016 in Portland, US, NBT Solutions, LLC provides fiber management services and has made six deals since inception.

The company raised USD 7 mn in Series B funding on March 3, 2023, co-led by Maine Venture Fund and Resolve Growth Partners, bringing the total amount raised to USD 7 mn with a current valuation of USD 59. 245 mn. Will Mitchell, the founder, has a history in the tech industry, although further details on previous ventures are not available. VETRO offers a cloud-native fiber management platform tailored for fiber network operators, streamlining the planning, design, build, and operational phases of networks.

Its flagship product, FiberMap®, integrates vital network data into an intuitive GIS tool, supporting smart workflows. Additional products include Z-Manager for demand data visualization and Address Genius for address data management automation, primarily used by Internet Service Providers, engineering firms, municipalities, and electric cooperatives across North America and Europe. VETRO’s revenue primarily comes from a subscription-based model for its software products, facilitating direct B2B transactions with clients such as engineering firms and municipalities. The company also generates revenue through ancillary services like setup and training, ensuring a smooth onboarding process for new clients.

Pricing structures are customized based on the products selected and the scale of operations, catering to diverse organizational needs. Following the recent Series B funding of USD 7 mn in March 2023, NBT Solutions, LLC plans to enhance global expansion and drive product innovation for its open platform. The company aims to introduce new products while targeting specific geographic regions for market entry, although those regions have not been disclosed. The funding will be utilized to support these initiatives and accelerate the development of their offerings.