Aperto Networks raised $17 million in the first tranche of a Series E financing round for its WiMAX solutions.
Aperto Networks is a founding board member of the WiMAX Forum as well as 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 5 GHz frequencies for point-to-multipoint and point-to-point deployment.
The funding was led by Canaan Partners and was raised from existing investors, including JK&B Capital, Alliance Ventures, Innovacom, Tyco Ventures, Labrador Ventures, and Satwik Ventures. The latest round brings the company’s total capitalization to $94 million.
http://www.apertonet.com
- Aperto Networks is headed by Dr. Reza Ahy, who previously held executive and technical senior management positions with Harris Corporation, Varian Research Center and RadioLAN. The company’s technical team is led by Dr. Subir Varma, who previously was Director of Systems Architecture at Hybrid Networks, where he was responsible for its MMDS system.