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Tower Cloud

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Provides telecom backhaul services to wireless carriers

Saint Petersburg, United StatesFounded 2006Health
Valuation $100–250M Last recorded · 2016
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Tower Cloud and the history behind them.

About Tower Cloud

Established in 2006 by Ronald Mudry, Tower Cloud carved out a significant niche in the telecommunications infrastructure sector from its headquarters in St. Petersburg, Florida. The company specialized in providing high-capacity data transport services, focusing on the critical link between cell sites and the mobile switching centers of wireless carriers.

Tower Cloud's business model was centered on building and operating its own fiber optic and microwave networks to deliver backhaul services. This infrastructure was essential for wireless carriers to manage the escalating volume of voice and data traffic spurred by the rise of smartphones. The company's primary clients were national wireless carriers, which accounted for over 90% of its revenues, and enterprise customers. Its service portfolio included fiber-to-the-tower backhaul, the deployment of small cell networks, and providing dark fiber solutions.

A pivotal moment in the company's history occurred in June 2016, when Communications Sales & Leasing (CS&L), a real estate investment trust spun off from Windstream, announced its definitive agreement to acquire Tower Cloud. The transaction, valued at $230 million in cash and stock, was finalized in the fourth quarter of 2016. Following the acquisition, CS&L merged Tower Cloud with another recent purchase, PEG Bandwidth, to create a new, unified fiber infrastructure group branded as Uniti Fiber. Ronald Mudry transitioned to lead this new entity as its President.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2006
Headquarters
Saint Petersburg, United States
Open positions
None listed
Dealroom signal
24.0/100
Industry
Health, Enterprise Software
Sector
Health, Hard Tech
Business model
SaaS
Client focus
b2b
Links
Website

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Jun 2016 $230M $230M Undisclosed —
LATE VCOther financing Aug 2013 $18M $72M The Barton Partnership —
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Growth signals

Tower Cloud website traffic

Latest recorded traffic for Tower Cloud is 20 monthly website visits, down 93.9% over the last three months.

Latest monthly visits20 3-month web change-93.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • The Barton Partnership
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Saint Petersburg HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Tower Cloud on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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