SpiderCloud Wireless announced the closing of its Series B financing round

February 1, 2010

1 Min Read

SANTA CLARA, Calif. -- SpiderCloud® Wireless, Inc., a developer of wireless technologies and the pioneer of the Enterprise Radio Access Network (E-RAN) platform developed for mobile operators, today announced the closing of its Series B financing round. The $25 million round was led by Opus Capital along with new investments from Shasta Ventures and existing Series A investors Charles River Ventures and Matrix Partners.

“Investing in SpiderCloud Wireless means investing in a solution to address the network capacity issues facing mobile operators today,” said Rob Coneybeer, managing director at Shasta Ventures. “The indoor wireless E-RAN platform has the potential to change how radio access networks are deployed for years to come.”

The company also announced the addition of Behrooz Parsay as its new senior vice president of engineering and operations. Mr. Parsay has over 20 years experience in bringing wire-line and wireless products and systems to market and has previously held RF engineering and management positions with Aperto Networks, Ericsson, DIVA, Kestrel, and Lantern Communications. Mr. Parsay holds a Bachelor of Science in Electrical Engineering from Chico State University and a Master of Science in Engineering Management from Santa Clara University.

“SpiderCloud Wireless is unique in its approach to solving the indoor capacity and coverage problems for mobile operators,” said Behrooz Parsay. “I’m excited to join a company comprised of so many people with proven success in the wireless industry and look forward to making my contributions to the company, its customers and partners.”

SpiderCloud Wireless

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