Aperto Networks, a start-up based in Milpitas, California raised $20 million in Series D financing for its WiMAX-class broadband wireless access systems. Aperto supplies a family of base stations, subscriber units, and associated radios and antennas in 2.5, 3.5 and 5 GHz frequency bands for global point-to-point and point-to-multipoint deployments. The new funding will be used to expand the company’s sales initiatives, further develop its technology portfolio to complete certification of 802.16/WiMAX-compliant products, and increase support for its existing customer based. Aperto claims over 120 service providers in over 40 countries. The new funding was led by JK&B Capital and included participation from Aperto’s key existing investors including Canaan Partners, Alliance Ventures, Innovacom, Tyco Ventures, Labrador Ventures, and Satwik Ventures. Aperto has now raised $77 million in financial backing to date.
Aperto Networks is a founder and leading contributor to IEEE 802.16a/d as well as to ETSI-BRAN standards, and a board member of the WiMAX Forumhttp:///www.apertonet.com
- In November 2003, Aperto Networks signed an agreement with Intel to develop equipment built with Intel’s IEEE 802.16 compliant silicon scheduled for introduction in the second half of 2004.
