LONDON Embedded antenna specialist Ubidyne (Ulm, Germany and Scottsdale, AZ.) has received $14.4 million from European investment group Gimv, which joins existing investors Baytech, Doughty Hanson and TVM Capita to complete a $43 million series B round.
Ubidyne says the funds will be used to accelerate the company's ramp to production and drive global market penetration.
The company suggests its patented digital Antenna Embedded Radio system "significantly" improves the operating economics of wireless networks.
It reduces energy consumption, enables simple, flexible deployment, and increases the coverage and capacity of mobile communications networks.
"The Ubidyne team has done a terrific job turning a radical new concept into a real product being field-tested by the world’s leading operators. We look forward to working with Ken Hawk and his team to accelerate growth and build long-term value," says Hansjörg Sage, Partner at Gimv Technology, who led the round.
According to Brian Modoff, research analyst, Deutsche Bank: "I have been following Ubidyne for more than two years and their antenna embedded radio platform brings substantial benefits to the mobile operator in terms of performance, reduced footprint, energy efficiency and overall deployment costs. Operators will finally be able to fine-tune their networks for coverage and capacity without visiting the site."
Ubidyne's products are manufactured by Andrew and Kathrein and will be available from Nokia Siemens Networks as part of their Flexistation product family.