UK 3G Femtocell Maker Ubiquisys Gets $11 Million Funding
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Swindon-based maker of 3G femtocells—3G signal generators designed to improve mobile access via the internet—has won $11 million (£6.6 million) from its existing shareholders to fund a range of global commercial deals in consumer and corporate markets, adding to existing partnerships with Nokia (NYSE: NOK), Siemens and Netgear. No word on exactly who those investors are or how much they paid—but two years ago Accel Partners, Advent Venture Partners, Atlas Venture, T-Mobile Venture Fund and Google (NSDQ: GOOG) paid in $25 million (£15.17 million) as part of second round funding.
SEE ALSO: Google Pledges $4.6 Billion Bid For Wireless Auction; Backs Ubiquisys’s $25 Million Funding
In January this year the company’s Zonegate Femtocell technology was used as part of a deal between Japanese telco SoftBank Mobile Corp and NEC, which is claimed to be the world’s first commercial Femtocell deployment. Verizon Wireless has invested heavily in femtocells and Vodafone launched a service for Italian customers last summer. Also, Ubiquisys announces that Alison Sparshatt has been appointed its new CFO.Release.
Posted In: Mobile, Money, M&A & Venture Capital, Venture Capital, Technologies / Formats, 3G
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