SpiderCloud Banks $20M in Fresh Funding

Company has now raised a total of $125 million to develop its enterprise small cell business.

Sarah Thomas, Director, Women in Comms

February 9, 2015

1 Min Read
SpiderCloud Banks $20M in Fresh Funding

Enterprise small cell maker SpiderCloud has raised another $20 million in funding, bringing its total raised to date to $125 million.

SpiderCloud Wireless actually raised $15 million in funding in early January, according to a filing with the Securities and Exchange Commission (SEC) , but confirmed an additional $5 million on Monday, bringing this total round to $20 million.

SpiderCloud CFO Tom Scott says the round includes a strategic investment and brings the company's total to $125 million raised since it was founded in 2007. The small cell company will use the funding to "fuel global expansion and support for a growing customer base."

For more on small cells, head over to the small cells content page on Light Reading.

SpiderCloud has been making big moves in the indoor small cell market lately. It is providing Verizon Wireless with dual-mode LTE small cells, Vodafone Group plc (NYSE: VOD) with 3G small cells and is shipping both single-mode LTE small cells and dual-mode 3G/4G devices. The scrappy small cell vendor is also planning major announcements around next month's Mobile World Congress. (See Verizon Taps SpiderCloud for Dual-Band 4G Small Cells and Vodafone Deploys SpiderCloud's Small Cells.)

— Sarah Thomas, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profile, Editorial Operations Director, Light Reading

About the Author(s)

Sarah Thomas

Director, Women in Comms

Sarah Thomas's love affair with communications began in 2003 when she bought her first cellphone, a pink RAZR, which she duly "bedazzled" with the help of superglue and her dad.

She joined the editorial staff at Light Reading in 2010 and has been covering mobile technologies ever since. Sarah got her start covering telecom in 2007 at Telephony, later Connected Planet, may it rest in peace. Her non-telecom work experience includes a brief foray into public relations at Fleishman-Hillard (her cussin' upset the clients) and a hodge-podge of internships, including spells at Ingram's (Kansas City's business magazine), American Spa magazine (where she was Chief Hot-Tub Correspondent), and the tweens' quiz bible, QuizFest, in NYC.

As Editorial Operations Director, a role she took on in January 2015, Sarah is responsible for the day-to-day management of the non-news content elements on Light Reading.

Sarah received her Bachelor's in Journalism from the University of Missouri-Columbia. She lives in Chicago with her 3DTV, her iPad and a drawer full of smartphone cords.

Away from the world of telecom journalism, Sarah likes to dabble in monster truck racing, becoming part of Team Bigfoot in 2009.

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