Wi-Max developer gets further investment
$26 million in Series E funding
Aperto Networks has raised $26 million in a Series E follow-on financing round, bringing the company's total capitalization to $120 million.
Aperto, which is a pure-play WiMax eqiupment developer secured the latest investment frm GunnAllen Venture Partners, with existing investors all re-opening their pocket books to finance the round.
"Aperto Networks remains the best positioned WiMAX pure play," said, Mark Solovy, Managing Director of GunnAllen Venture Partners. "The company enjoys first to market advantage with the industry's most robust, carrier-grade WiMAX Forum Certified(TM) base stations."
"This latest funding tranche is an important milestone for Aperto and its global carrier customer base" said Philip Marshall, Vice President, Yankee Group. "Aperto has a good reputation for delivering reliable and robust carrier-grade WiMAX infrastructure that will be bolstered with this additional funding."
Dr. Reza Ahy, Aperto Networks' CEO said the new money is intended to fund the development of "next generation" WiMax products.
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