Navini Networks, a start-up based in Richardson, Texas, raised an additional $25 million in Series C funding for its non-line-of-sight, wireless broadband technology. Over the past several months, Navini has announced deployments and trials of its Ripwave products with the following companies: BellSouth (Daytona, Florida); IBAX (Italy); IntroWeb (The Netherlands); Liberty Technologies (Panama); Rioplex Wireless (Rio Grande Valley, Texas); Sprint (Houston, Texas); WINTEL (Trinidad and Tobago); and YourInter.Net (Indiana, Pennsylvania). Austin Ventures, Granite Ventures, Sequoia Capital and Sternhill Partners, all existing investors in the company, led the new round of financing. The company has raised $91 million to date.
http://www.navini.com
- Navini’s broadband wireless access platform uses Multi-Carrier Synchronous Beamforming technology to provide non-line-of-sight access at broadband data rates for up to 1000 users per antenna face. The company claims up to 50% lower total-cost-of-ownership than DSL or cable networks, and up to 70% lower total-cost-of-ownership than previous fixed wireless systems.
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Navini Networks was founded in early 2000 by Wu-Fu Chen and Dr. Guanghan Xu, a former professor at the University of Texas at Austin, School of Electrical Engineering.