Light Reading
Broadband wireless vendor has now raised a whopping $175M in VC investment

SOMA Scores $50M

Light Reading
News Analysis
Light Reading
6/13/2005
50%
50%

Broadband wireless vendor SOMA Networks Inc. has scored a $50 million VC cash injection, taking its total investment raised to a massive $175 million.

Founded in 1998, the San Francisco company targets the last-mile Internet access market untouched by DSL and cable, with a focus on internet service providers (ISPs), competitive local exchange carriers (CLECs), and incumbent local exchange carriers (ILECs). (See SOMA Untethers the Last Mile.)

To date, SOMA has kept a relatively low profile in the broadband wireless space, touting only three commercial deployments: Always on Network and 3 Rivers Communications in the U.S., and Jaring in Malaysia (see 3 Rivers Deploys SOMA and SOMA Powers Jaring). Today’s funding announcement, however, makes it one of the best funded broadband wireless players, eclipsing the likes of ArrayComm Inc. and Navini Networks Inc. (see ArrayComm Gets Greenbacks and Navini Nabs $30M).

The round was led by Morgan Stanley Venture Partners and Asian VC Temasek Holdings Pte. Ltd. and included investment from Endeavour Investments Ltd. and NeoCarta Ventures Inc.

SOMA’s COO, Greg Caltabiano, says the company will use the major investment to boost its “geographic expansion” and is on track to make a return on the massive investment. “SOMA is at a place where it has products and customers, and now it is all about growth and execution… I can’t go into too much detail but now we are working with these late-stage type of investors, I can say we are making very good progress. It’s moving along well. The investors are patient, but, of course, they are also looking at results.”

So what exactly does SOMA offer?

SOMA’s air interface is based on wideband-CDMA technology, but the startup has had to add proprietary extensions to accommodate its antenna technology -- meaning SOMA’s customers have to buy both base stations and customer terminals. The payoff is that its terminals aren’t susceptible to multipath interference, and they can seek out the strongest signal path by continually listening in all directions.

The terminals pack the software to automatically assign priority to certain traffic types, such as voice, and they can also adjust to changing signal conditions. If coverage becomes weak, the connection will boost its level of forward error correction to compensate. SOMA claims its base stations can each serve more than 1,000 users at up to 12 Mbit/s per user. On the customer side, SOMA's box plugs into whatever network infrastructure is set up: Ethernet, wireless LAN, or plain old telephone service.

Looking ahead, SOMA’s COO says the company is keeping a close eye on development of WiMax technology and will support the 802.16 standard. “We have worked hard over the last five years to make sure the entire system is abstracted from the air interface so we can plug in the chips and make them work with the rest of our network.”

Tomorrow the vendor will announce a partnership with Sanyo Electric Co. Ltd. (Nasdaq: SANYY) for the development of broadband wireless kit, following successful trial deployments, and later this month it's expected to tout further extensions to its VOIP offering.

— Justin Springham, Senior Editor, Europe, Unstrung

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
Flash Poll
LRTV Huawei Video Resource Center
IHS Analyst Discusses eLTE at CCW 2014

9|10|14   |   7:09   |   (0) comments


Thomas Lynch, associate director of critical communications at IHS Technology, talks about broadband in critical communications.
LRTV Huawei Video Resource Center
TCAA on Huawei eLTE: A Broadband Solution for Mission-Critical Communications

9|10|14   |   2:29   |   (0) comments


At CCW2014 in Singapore, the TCCA's Phil Kidner talks about the importance of broadband data for critical communications.
LRTV Custom TV
Spotlight on Cisco: SDN for Optical Networks

9|8|14   |   9:27   |   (0) comments


Cisco's Greg Nehib talks OpenFlow and more on the 'Software-Defined Networking for Optical Networks' panel at the Big Telecom Event in June 2014.
LRTV Custom TV
Cisco's Evolved Programmable Network (EPN)

9|8|14   |   4:05   |   (0) comments


A look at the various demos Cisco showed at Light Reading's Big Telecom Event highlighting Cisco's EPN innovation and how SDN and NFV technologies are enabling a variety of new services.
LRTV Huawei Video Resource Center
The Future of Ultra-Broadband, With Kevin Kelly (UBBF2014)

9|5|14   |   1:13   |   (0) comments


If you think the technological changes we've seen up to now are astounding, just wait until you see what the future has in store. Discuss upcoming breakthroughs with Kevin Kelly, Founding Executive Editor of Wired Magazine, at the Huawei Ultra-Broadband Forum on September 24.
LRTV Huawei Video Resource Center
The Inaugural Optical Innovation Forum in Nice

9|2|14   |     |   (0) comments


More than 170 attendees from network operators, service providers, analyst firms, and component companies from around the world convened in Nice in June for the inaugural Optical Innovation Forum, co-produced by Huawei and Light Reading.
Wagner’s Ring
Data Centers Drive Telcos Into the Future

8|28|14   |   2:20   |   (2) comments


Data centers are at the heart of key trends driving telecom -- network virtualization, the drive for increased agility, and the need to compete with OTT providers.
LRTV Custom TV
Why SPs Should Consider Cisco's EPN

8|27|14   |   5:40   |   (0) comments


Sultan Dawood from Cisco discusses Cisco's EPN, which enables SPs to build agile and programmable networks delivering new network virtualized services using Cisco's Evolved Services Platform (ESP).
LRTV Huawei Video Resource Center
Huawei’s Showcase @ Big Telecom Event 2014

8|26|14   |   2.56   |   (0) comments


SoftCOM is Huawei's framework for telecom business and network transformation. Haofei Liu, Solution Marketing Manager, Carrier Business Group, Huawei, showcases Huawei's SoftCOM architecture in this video.
LRTV Huawei Video Resource Center
Huawei @ BTE 2014: Director of Integrated Solutions on SoftCOM & NFV Monetization

8|26|14   |   4.43   |   (0) comments


Libin Dai, Director of Integrated Solutions, Carrier Business Group, discusses Huawei's SoftCOM and NFV monetization. Huawei believes that NFV monetization should be service-driven rather than network-driven, and that operators should have network transformation, service transformation and a compatible and collaborative ecosystem in place in order to deploy NFV.
LRTV Huawei Video Resource Center
Huawei @ BTE 2014: Director of US NFV Lab on CloudEdge & the Future of NFV

8|26|14   |   4.06   |   (0) comments


Sean Chen, Director of US NFV Lab at Huawei, discusses Huawei's new approach to NFV in open collaboration. Huawei believes that through Proof of Concept tests, it could help operators learn and communicate with the industry more effectively. Sean believes that successful implementation of NFV should have its values reaching to end users and discusses how Huawei's ...
LRTV Huawei Video Resource Center
Huawei's Highlights @ Big Telecom Event 2014

8|26|14   |   3.34   |   (0) comments


At the Big Telecom Event in Chicago Huawei showcases its high-level strategy, the SoftCOM architecture, which helps operators reduce the cost of ownership of their network infrastructure and generate additional revenue in the ICT service environment. Huawei showcases over 30 pilot programs from across the globe, focusing on the industry-leading commercial ...
Upcoming Live Events!!
September 23, 2014, Denver, CO
October 29, 2014, New York City
November 6, 2014, Santa Clara
November 11, 2014, Atlanta, GA
December 2, 2014, New York City
December 3, 2014, New York City
December 9-10, 2014, Reykjavik, Iceland
June 9-10, 2015, Chicago, IL
Infographics
A survey conducted by Vasona Networks suggests that 72% of mobile users expect good performance all the time, and they'll blame the network operator when it's not up to par.
Today's Cartoon
Vacation Special Caption Competition Click Here
Latest Comment
Hot Topics
Introducing 'The New IP'
Stephen Saunders, CEO and founder, Light Reading, 9/11/2014
Glimpsing the Self-Driving Car
Dan Jones, Mobile Editor, 9/12/2014
AT&T to Launch WiFi Calling in 2015
Sarah Reedy, Senior Editor, 9/12/2014
AT&T: We'll Bundle Fixed Wireless & DirecTV
Mari Silbey, Independent Technology Editor, 9/15/2014
New NFV Forum Focused on Interoperability
Carol Wilson, Editor-at-large, 9/16/2014
Like Us on Facebook
Twitter Feed