Aperto Raises $20M Series DAperto Raises $20M Series D

MILPITAS, Calif. -- Aperto Networks, a leading provider of WiMAX-class broadband wireless access systems, announced today a $20 million Series D financing round. Led by JK&B Capital and with participation from Aperto’s key existing investors including Canaan Partners, Alliance Ventures, Innovacom, Tyco Ventures, Labrador Ventures, and Satwik Ventures, this funding brings the company’s total financial backing to $77 million.

Aperto will use the Series D funds to expand its sales initiatives, further develop its technology portfolio to complete certification of 802.16/WiMAX-compliant products, and increase support for Aperto’s global customers, which already number over 120 service providers in over 40 countries.

“Aperto Networks is an excellent fit with our investment criteria in the communications sector,” said Al DaValle, a long-standing partner with JK&B Capital. “Aperto is a strong, revenue-stage company which has proven its ability to win key carrier contracts, scale to volume delivery, and extend its innovation to keep ahead of the pack with a highly differentiated solution. The company’s strong momentum in European, North American and other international wireless carrier markets also strongly validates its original strategy of focusing on carrier-class solutions for business-grade multiservice delivery.”

“We are pleased to have won the support of JK&B Capital,” emphasized Reza Ahy, Aperto Networks Chairman and CEO. “The JK&B team represents some of the most selective limited partners in the world and its principals hold a high bar for performance. As former vice-president of Ameritech/SBC, Al DaValle has tremendous depth in broadband access delivery, very large-scale operations and RBOC network platform deployment. He will be a strong addition to our board at this next critical phase of Aperto’s expansion.”

Aperto Networks