While everyone chases SaaS valuations, a quiet $17.8M operation in the Midwest is building the physical nervous system for tomorrow's AI. Waveguide Fiber isn't selling software—they're laying the concrete, fiber, and cellular backbone that makes digital dreams real.

"They're not competing for clicks—they're competing for concrete."

The leadership team reads like a who's who of infrastructure veterans. CEO Rob Carmichael, CTO Steven Janko, VP of Field Operations Travis Heidle, VP/General Manager Ian Smith, and Director of Operations Lester Milton collectively represent decades of experience. This isn't a startup of 20-somethings disrupting with an app—it's a mature operation scaling through operational excellence. The absence of funding data suggests they're either bootstrapped or privately held, avoiding the growth-at-all-costs mentality that plagues venture-backed infrastructure plays.

• Multi-modal infrastructure play: They touch fiber, wireless, cellular DAS, ERRCS, and EV charging—five high-growth verticals under one roof
• Geographic arbitrage: Likely Midwest-focused (given the 'Centerline' branding), avoiding coastal talent wars while serving underserved markets
• Asset-light model: They design and maintain, but likely don't own the infrastructure—recurring maintenance contracts create sticky revenue
• Regulatory moat: ERRCS (Emergency Responder Radio Communication Systems) requires certifications and relationships that take years to build