Small cells

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

Haraldsvik 2/12/2015 | 2:13:01 PM
Re: Timing is everything! Ray.  I will take you and Sarah out for Tapas and Beer (Champagne... whaaaat?) :-) 
mhhf1ve 2/10/2015 | 3:55:55 PM
picocells 2.0? Picocells were all the rage a few years ago... will things be different this time around?
Joe Stanganelli 2/10/2015 | 1:33:37 AM
Re: Timing is everything! Free pens, at least...
danielcawrey 2/9/2015 | 8:26:10 PM
Re: Timing is everything! Great name. I think although it could sound frightening to some, it actually describes what the company is trying to do. Wireless-enabled small cells are going to be huge, which explains why this concept has already raised a healthy amount of cash. 
mdraznin 2/9/2015 | 1:21:33 PM
Re: Timing is everything! Nice job sniifing it out, @SReedy! Perfect timing on the part of @SpiderCloud. Their existing and new investors should be thrilled. I, too, have a feeling MWC is going to be swimming with announcements like this one. Ought to be a very interesting/great time! 
sarahthomas1011 2/9/2015 | 10:13:57 AM
Re: Timing is everything! Well there wasn't a new form D filing for the additional cash, but LR sniffed it out! Definitely good timing for SpiderCloud. I expect a lot more out of it -- and competing small cell vendors -- in the next month, especially at MWC.
[email protected] 2/9/2015 | 9:53:18 AM
Timing is everything! Just weeks before the single biggest wireless/mobile event in the annual calendar -- is there a bettre time to have news of fresh funding hitting the wires?

That's good timing.... I wonder if this means a champagne reception at the SpiderCloud stand in Barcelona?????
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