Company has now raised a total of $125 million to develop its enterprise small cell business.
Enterprise small cell maker SpiderCloud has raised another $20 million in funding, bringing its total raised to date to $125 million.
SpiderCloud Wireless actually raised $15 million in funding in early January, according to a filing with the Securities and Exchange Commission (SEC) , but confirmed an additional $5 million on Monday, bringing this total round to $20 million.
SpiderCloud CFO Tom Scott says the round includes a strategic investment and brings the company's total to $125 million raised since it was founded in 2007. The small cell company will use the funding to "fuel global expansion and support for a growing customer base."
For more on small cells, head over to the small cells content page on Light Reading.
SpiderCloud has been making big moves in the indoor small cell market lately. It is providing Verizon Wireless with dual-mode LTE small cells, Vodafone Group plc (NYSE: VOD) with 3G small cells and is shipping both single-mode LTE small cells and dual-mode 3G/4G devices. The scrappy small cell vendor is also planning major announcements around next month's Mobile World Congress. (See Verizon Taps SpiderCloud for Dual-Band 4G Small Cells and Vodafone Deploys SpiderCloud's Small Cells.)
— Sarah Thomas, , Editorial Operations Director, Light Reading
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