WiMax developer Aperto raises $US17m

Stuart Corner
Wednesday, 14 September 2005 16:53

IT Industry - Strategy

WiMax developer Aperto Networks has announced a $US17million equity injection led by Canaan Partners and including existing investors: JK&B Capital, Alliance Ventures, Innovacom, Tyco Ventures, Labrador Ventures, and Satwik Ventures. The latest round, described as the first tranche of its series E funding, brings the company's total capitalisation to $US94 million. Aperto says it will use the funds "to expand its global market presence and to broaden its WiMAX solutions portfolio."
Aperto, founded in 1999 was a founding board member of the WiMAX Forum and claims to have been a founder and lead contributor to IEEE 802.16a/d and the ETSI-BRAN standards. Its PacketMAX and PacketWave systems consist of a family of base stations, subscriber units, radios and antennas in 2.5, 3.5 and 5GHz frequencies for point-to-multipoint and point-to-point deployment. It products are deployed in over 65 countries.