PureWave Networks, a start-up based in Santa Clara, California, secured $5 million in Series C funding from existing and new investors for its 4G wireless base stations. The funding will be used to continue the development and commercialization of its new line of small cell LTE base stations, as well as to grow the company’s market presence in key markets.
“Our sales have increased roughly fourfold in 2011 and we expect them to double again this year,�? said Don Meiners, PureWave’s CEO. “With such strong sales growth, we approached this investment round as an opportunity to extend our global reach and to strengthen our presence in key markets. We are excited to announce that one of the investors in this financing round is a strategic partner that will extend PureWave’s reach in Asia, give us on-the-ground presence in future growth markets and allow us to better serve our existing Asia-Pacific customers.�?http://www.pwnets.com/
