BLiNQ Raises $10M

PLANO, Texas -- BLiNQ Networks Inc., the pioneer in next-generation intelligent wireless backhaul solutions, today announced that it has raised an additional $10 million in funding. BLiNQ will use the funding to expand and accelerate global sales and marketing efforts as well as ongoing development of BLiNQ's patent-pending, high capacity mobile transport solutions. The round was funded by BLiNQ's strong syndicate including BDC Venture Capital, New Venture Partners and Summerhill Venture Partners.

BLiNQ Networks, a technology carve-out of Nortel Networks, has defined a new category of non line of site (NLOS) backhaul technology specifically designed from the ground up for small cell transport. Unlike alternative solutions, BLiNQ solutions can be deployed anywhere in minutes with one truck roll and one technician. The solution is self-organizing and very reliable as it continually self-optimizes to adapt to the changing environment.

BLiNQ Networks Inc.