Global antenna solutions company has secured $23 million in financing led by Investor Growth Capital

February 3, 2009

1 Min Read

VIERA, Fla. -- SkyCross, a global antenna solutions company, announced today that it has secured $23 million in financing led by Investor Growth Capital. The investment caps highly successful 2008 results for SkyCross, which reported 65 percent year-over-year revenue growth. The investment will fuel further expansion as SkyCross continues to broaden its geographic reach, gain additional worldwide Tier 1 customers, and enter new market segments.

SkyCross currently serves a range of market segments including handsets, data cards, USB dongles, laptops, access points, mobile personal entertainment devices, and more. This comprehensive antenna portfolio bundles high performance, small size, and competitive pricing to support any combination of protocols including GSM, CDMA, HSPA, 802.11a/g/b/n, WiMAX, LTE, etc.

The company’s performance in 2008 is the latest in a four-year span that has produced over 50 percent growth annually. In early 2008, SkyCross announced iMAT technology, a disruptive innovation that consolidates the performance benefits of multiple antennas into a single low-cost antenna. Following this breakthrough, SkyCross received several prestigious industry awards: Fierce15, Portable Design Editor’s Choice Innovation of the Year, EE Times Most Promising Technology Finalist, and Nollenberger Capital privately-held technology company with compelling and innovative solutions.

SkyCross Inc.

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