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Investor Sevin Rosen Leads $10 Million in Series B Funding Round for Airwalk Communications
February 10th, 2011 No comments
Based in Richardson, Texas, Airwalk Communications is an industry leader in small cell radio communications and has announced on February 8, 2011, that it has raised $10 million in series B led by private investor Sevin Rosen. Other investors who participated in this funding round include TL Ventures, Alta Berkeley, Duchossois Technology Partners, and Nodelco. Airwalk Communications plans to use the proceeds from this funding round to advance its small cell radio technology product portfolio, including the enhancement of the capabilities of existing technologies, such as the company’s CDMA products and the launching of LTE solutions.
Airwalk Communications has always, since its foundation in 2002, been at the forefront of small cell radio technology and has developed products for efficient small cell radio communications which are currently being used in over 25 countries around the world. Currently, with the advent of 4G technology and more cellphone and mobile device service providers are upgrading their transmitters to transmit 4G and LTE signals, Airwalk Communication has been at the forefront of this industry as well. Currently, the company is working on launching its new LTE technology, which would be used by mobile service providers to have seamless coverage area wide.
Recently small cell technology being used by more mobile users, the macro networks have become overloaded, causing for slow internet speed on devices, such as 3G networks. Furthermore, as mobile technology gets more into multimedia and the quality of graphics, photos, and videos from mobile devices is beginning to improve, many mobile carriers are looking to find small cell technology that can accommodate the growing demand and use of macro networks and mobile signals. This can especially be experienced in areas where most professionals use their mobile devices for work, such as in or near office buildings, restaurants in large city metropolises, and in commuter trains. The new technology that Airwalk is planning to launch is to allow mobile users to be able to seamlessly have coverage without congestion of data in the above mentioned hot spots and in areas where typically signal gets lost, such as inside high rise buildings.
According to Airwalk’s president and CEO, Serge Pequeux, one of the biggest problems with many of these new macro networks is that the advent of new mobile devices which have more multimedia features, especially video causes large amounts of congestion. The fact is that congestion is mainly caused by increased traffic and demand on the signal, slowing down the speed. For this reason, Airwalk is focusing its strategy, resources, and business to develop new solutions that allow for more bandwidth and for larger files, such as video files, to be transmitted at normal speed.
Adding to this, the practice director of Mobile Networks and ABI Research, Aditya Kaul, with the way the macro network is changing and mobile technologies are changing, you’re starting to see that the overloaded macro networks are gradually being changed to more effective small cell networks, such as OPEX and CAPEX. Airwalk Communications is truly an innovator when it comes to improving and enhancing small cell technologies for the mobile industry.
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