Cambridge B'band Raises $9M

Cambridge Broadband, developer of fixed wireless equipment, closes its Series D financing round with $9M

January 16, 2006

1 Min Read

CAMBRIDGE, U.K. -- Fixed wireless access equipment developer Cambridge Broadband Limited has closed its Series D financing round totalling $9.0 million.

The new investment is being used to fund extensions to Cambridge Broadband's VectaStar wireless access and transmission product family, as well as covering medium term working capital requirements.

The investment follows Cambridge Broadband's continuing market success, with many publicly announced networks in a wide variety of geographies including Asia, Europe, Africa and the Middle East.

Peter Wharton, Chief Executive Officer of Cambridge Broadband, comments: "Our VectaStar platform is being increasingly used by cellular operators to backhaul their networks in place of traditional microwave links. This new funding helps us maintain our commitment to ongoing product development, as we continue to establish a leading role in the market."

Existing investors Accel Partners, Amadeus Capital Partners, Latin Rim and Techno Venture Management participated in this round of funding. Cambridge Broadband previously announced Series C funding of $15.25 million in May 2004.

Cambridge Broadband Networks Ltd.

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