SpiderCloud Wireless Raises $25 Million, Total Funding Now $40 Million
Monday, February 1, 2010; 4:24 AM
Wireless technologies developer SpiderCloud Wireless has raised $25 million in a Series B funding round led by Opus Capital. Shasta Ventures and existing Series A investors Charles River Ventures and Matrix Partners also participated in the round, which brings the company's total funding to a healthy $40 million.
SpiderCloud Wireless provides the industry?s first Enterprise Radio Access Network (E-RAN), a combination of Enterprise WLAN system architecture and UMTS small cell technologies designed to scale mobile broadband deployments inside the enterprise.
More on the company and its technology is available in this December Forbes article.
In conjunction with the financing, the company added Behrooz Parsay as its new senior vice president of engineering and operations. Parsay has previously held RF engineering and management positions with Aperto Networks, Ericsson, DIVA, Kestrel, and Lantern Communications.
SpiderCloud Wireless is based in Santa Clara, California, with offices in New Jersey, Ohio and London.