Aperto Networks raises $26 million in follow-on Series E financing

April 10, 2006

1 Min Read

MILPITAS, Calif. -- Aperto Networks, developer of the world's most advanced WiMAX base stations and subscriber units, announced today it completed a Series E follow-on financing round of $26 million, bringing the company's total capitalization to $120 million.

The financing round was led by GunnAllen Venture Partners with significant participation from existing investors including JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO, and Labrador Ventures.

"Aperto Networks remains the best positioned WiMAX pure play," said, Mark Solovy, Managing Director of GunnAllen Venture Partners. "The company enjoys first to market advantage with the industry's most robust, carrier-grade WiMAX Forum Certified(TM) base stations."

"This latest funding tranche is an important milestone for Aperto and its global carrier customer base" said Philip Marshall, Vice President, Yankee Group. "Aperto has a good reputation for delivering reliable and robust carrier-grade WiMAX infrastructure that will be bolstered with this additional funding."

"Aperto Networks continues to impress us by demonstrating innovation and consistent growth in the burgeoning WiMAX space," said Emmy Johnson, Principal Analyst, Sky Light Research. "Aperto's targeted focus and steadfast approach to the market helps make it attractive to investors as these are qualities that propel companies to the forefront especially in highly competitive and dynamic markets like WiMAX."

"We are excited to welcome our newest investor, GunnAllen Venture Partners and are gratified to have the continued support and of our existing investors." said Dr. Reza Ahy, Aperto Networks' CEO. "We will use the funds to rollout our fixed WiMAX product and develop our next generation mobile WiMAX products."

Aperto Networks Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like