Kineto Raises $15.5M

Kineto Wireless receives funding for FMC solutions

October 7, 2008

1 Min Read

MILPITAS, Calif. -- Kineto Wireless, Inc., the key innovator and leading supplier of FMC solutions for mobile operators, announced today that it has raised an additional $15.5 million in funding, including a strategic investment from Motorola as part of a broader commercial relationship with the company’s Home & Networks Mobility business. Kineto’s existing investors Oak Investment Partners, Sutter Hill Ventures, Venrock, Seapoint Ventures and InterDigital also participated in the funding.

Kineto’s industry-leading FMC solutions enable mobile operators to extend voice, data and IMS services over broadband access networks, thus harnessing the power of the Internet to lower service delivery costs while improving mobile coverage and performance. Kineto’s FMC solutions are currently enabling mobile operators around the world to deliver a number of new revenue-generating FMC services, including dual-mode handsets, femtocells, terminal adaptors and softmobile clients.

“Continued strong growth in UMA-based dual-mode handset and terminal adaptor deployments, combined with tremendous operator interest in femtocells, is highlighting the FMC imperative for mobile operators globally,” said Rick Gilbert, president and CEO of Kineto Wireless. “We are delighted to have the support of a leader in the mobile industry such as Motorola as we continue to capitalize on our leadership position in the FMC market.”

Kineto Wireless Inc.

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