IPWireless raises $15.5 million for LTE and IMB opportunities
IPWireless has secured $15.5 million in Series A funding, less than a year after it left NextWave Wireless to relaunch as a private company.
Jon Hambidge, Chief Marketing Officer, said that the company would be using the investment to target opportunities in LTE, as well as in Integrated Mobile Broadcast (IMB).
Although it is known principally as a provider of TDD technology, Hambidge said the company sees opportunity to provide large campus or Government agencies with connectivity using LTE technology.
"We absolutely see an opportunity for that in 2010/2011," Hambidge said, "and especially in public services I think we¹ll see a lot of movement."
The other opportunity, IMB, has moved on from being about broadcast TV, to being about broadcast services, Hambidge said. IPWireless has long pushed TDD as an opportunity for cellular broadcast, developing its TDtv model.
But now Hambidge said that operators could use broadcast to push ³the top 20 songs on Spotify, or top iPlayer streams² locally to devices.
"Every day we are seeing traffic on 3G networks increasing by multiples and much of that traffic is driven by a high concentration on a small number of apps," he said.
Hambidge said the finding would be used to boost the sales and marketing heft of the vendor, with teams instructed to address the US opportunity in LTE, and to using the GSMA's recent endorsement of IMB as a standard to drive more opportunity in the broadcast area.
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