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Altiostar Secures Another $50M in Funding

Altiostar now has $120 million in funding from Cisco and others.

Dan Jones

January 26, 2015

1 Min Read
Altiostar Secures Another $50M in Funding

Wireless startup Altiostar has grabbed another $50 million in funding.

The startup revealed the venture cash fillip in an SEC filing, first reported on by the Boston Business Journal.

Altiostar makes a distributed radio that uses Ethernet for connection between the radios and the controller, which is cheaper than using fiber to connect the nodes. (See Altiostar's C-RAN Steps Into the Light, Junks Dark Fiber.)

Want to know more about how operators and vendors are working to make networks more efficient? Check out our dedicated ROI/TCO content channel for articles related to return on investment (ROI) and total cost of ownership (TCO) issues.

Altiostar's funding now stands at $120 million, and the company currently employs around 200 people.

Cisco Systems Inc. (Nasdaq: CSCO) has put in $50 million of that funding. Kelly Ahuja, senior vice president and general manager of Cisco's mobility business group, sits on the board of the C-RAN vendor. (See Cisco Invests in 4G LTE Startup Altiostar.)

— Dan Jones, Mobile Editor, Light Reading

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

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