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."
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, , Editorial Operations Director, Light Reading