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Dulles-Based SummitIG Lands New Funding to Expand Network

SummitIG, a Dulles-based provider of dark fiber infrastructure, said on Tuesday it has landed a new equity investment from Columbia Capital, along with a large term loan from Orix Ventures. Financial terms of the deal were not disclosed. The company said it plans to use the proceeds to continue expanding its dark fiber network throughout the Mid-Atlantic. SummitIG allows data center operators to offer their customers connectivity beyond their own facilities to multiple points along the company's network.

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