Arcwave receives $8 million in new financing

July 7, 2004

1 Min Read

CAMPBELL, Calif. -- Arcwave, Inc., the leader in providing wireless solutions for the cable industry, today announced that new investors Vulcan Capital and Comcast Interactive Capital have joined the company's existing investors in closing an $8 million round of new financing. The new investment, led by Vulcan Capital, brings Arcwave's total funding to $28 million.

Arcwave is developing innovative wireless solutions that enable domestic and international cable operators to leverage the latest wireless technologies to extend the reach of their existing plant and to increase service offerings within their current operating infrastructure. The company has patented technology and experience in the wireless industry combined with a unique understanding of the cable industry business model. Arcwave's solutions are designed for "plug and play" deployment and leverage the existing Wireless DOCSISTM (Data Over Cable Service Interface Specification) standard. Future products are expected to incorporate WiFi and WiMAX technologies.

In connection with the financing, Brian Vincent, director of Vulcan Capital, will join Arcwave's Board. Louis Toth, managing director of Comcast Interactive Capital, will be an observer on the Board. In addition to the new investors in this round, Arcwave's previous investors, Mayfield, Venrock Associates and SBV Venture Partners, have increased their overall investment in the company.

Arcwave Inc.

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