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Aperto Bags $20M

Light Reading
CTIA News Feed
Light Reading
4/2/2008
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MILPITAS, Calif. -- Aperto® Networks, builder of the world’s most advanced carrier-grade and cost-effective WiMAX base stations and subscriber units, announced today that it has secured $20 million of new equity funding.

The financing round was led by Quicksilver Ventures and included participation from several of the existing investors including Gunn Allen Venture Partners, JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO Ventures, and Labrador Ventures.

“Aperto has the technology and, with this funding, the financial critical mass to become the leading WiMAX infrastructure pure play globally,” said Randall Meals, Managing Director of Quicksilver Ventures. “With a comprehensive WiMAX portfolio including fixed and mobile WiMAX, as well as support for licensed and unlicensed spectrum bands, Aperto is in a unique position to address multiple market segments across a very wide geography.”

Aperto Networks Inc.

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