Kineto Wireless, specialist and supplier of FMC solutions for mobile operators, announced today that it has raised an additional $15.5 million in funding, including a strategic investment from Motorola as part of a broader commercial relationship with the company's Home & Networks Mobility business. Kineto's existing investors Oak Investment Partners, Sutter Hill Ventures, Venrock, Seapoint Ventures and InterDigital also participated in the funding.
Kineto's FMC solutions enable mobile operators to extend voice, data and IMS services over broadband access networks, using the Internet to lower service delivery costs while improving mobile coverage and performance. Kineto's FMC solutions are said to be currently enabling mobile operators around the world to deliver a number of new revenue-generating FMC services, including dual-mode handsets, femtocells, terminal adaptors and softmobile clients.
"Continued strong growth in UMA-based dual-mode handset and terminal adaptor deployments, combined with tremendous operator interest in femtocells, is highlighting the FMC imperative for mobile operators globally," said Rick Gilbert, president and CEO of Kineto Wireless. "We are delighted to have the support of a leader in the mobile industry such as Motorola as we continue to capitalise on our leadership position in the FMC market."
Motorola's Alan Lefkof, corporate vice president and general manager, Broadband Solutions Group, added, "Motorola has been a key contributor along with Kineto and other industry players in developing the technology standard for femtocells, and we look forward to building on the work we have begun with Kineto in order to implement this technology and enable operators to economically deploy femtocell solutions."