This latest development adds proof that the wireless backhaul market is on the move.
Adding proof that the wireless backhaul market is on the move (see my previous blog on this subject), yesterday Siklu, Inc. announced it had received $19 million in series B funding. Disclosed investors include: Amiti Ventures, Qualcomm Incorporated, DFJ-Tamir Fishman Ventures, Evergreen Venture Partners, and Argonaut Private Equity. Ben Rabinowitz, Managing Partner at Amiti Ventures, scored a seat on the Board of Siklu.
For those unfamiliar, Siklu specializes in carrier grade, millimeter wave, Gigabit Ethernet radios.
Perhaps the most eyebrow raising investor is Qualcomm, a new investor in Siklu. Of course, Siklu is pleased about this too: “We are excited to have Qualcomm on our side for the recognition it signals in Siklu’s role in cellular backhaul, and for the insight it provides us into the fourth generation cellular network,” said Izik Kirshenbaum, Co-Founder, Chairman and President of Siklu. “This investment is yet another milestone in the incredible year we are experiencing in 2011, on top of industry awards, hundreds of links deployed in Europe, our first trials in the U.S. and India, and design wins from leading mobile operators."
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