Google Fiber 22, 2016, Google Fiber bought Webpass, an Internet service provider that has been in business for 13 years and specializes in high-speed Internet for business and residential customers. They have a large presence in California and specifically the Bay Area as well as San Diego, Miami, Miami Beach, Coral Gables, Chicago, and Boston. The deal closed in October 2016. Google Fiber provides an Internet connection speed of up to one gigabit per second (1,000 Mbit/s) for both download and upload, which is roughly 100 times faster access than what most Americans have. Google Fiber says its service allows for the
History of Google Inc., with Google as its leading subsidiary. Google continued to serve as the umbrella for Alphabet's Internet interests. The first funding for Google as a company was secured in August 1998 in the form of a US$100,000 contribution from Andy Bechtolsheim, co-founder of Sun Microsystems, given to a corporation which did not yet exist. On June 7, 1999, a round of equity funding totalling $25 million was announced, the major investors being rival venture capital firms Kleiner Perkins Caufield & Byers and Sequoia Capital. While Google still needed more funding for their further expansion, Brin and Page were hesitant to