LONDON Zinwave, a start-up focusing on wideband active distributed systems based on multi-mode or single mode fibre-optic cables and targeted at extending in-building cellular and wireless access, has raised $10 million in a B-round funding.
The investment comes hot on the heels of the launch of the Zinwave 3000 DAS at Mobile World Congress in Barcelona last month.
Zinwave (Cambridge, England) says the funds will be used for further product development and on strengthening its mobile operator and sales channel relationships throughout the US, Europe, and into the rest of EMEA and Asia.
The round was led by SEB Venture Capital with participation from existing investors Atlas Venture and Scottish Equity partners.
Zinwave was founded in 2002 and raised $8 million in a Series A round in September 2006.
The technology was developed at Cambridge University and University College of London.
The Zinwave distributed antenna system converges multiple operator signals into one centrally managed hub, whilst remotely attached antenna units are connected using optical links.
The company says the market for in-building wireless coverage is predicted to continue to grow exponentially over the next few years fuelled by emerging technologies and services including 3G; UMTS; CDMA2000; WiMAX; TETRA; LMR; RFID; Telemetry, and DVB-H.
Jonathan Paget, CEO of Zinwave, said: "With this funding in place we now have the momentum to capitalise on our existing sales efforts in Europe and to really bolster our presence in the U.S. where we have seen early successes recruiting sales channels and securing customer trials.
"With 60-70 percent of existing mobile device usage taking place within buildings and the impact of new technologies such as WiMAX driving even more mobile applications such as data and video, we see the in-building wireless market as a huge opportunity and we have the technology and solutions to capitalise on this."