Siklu Raises $19M

Wireless backhaul firm announces closing of its $19 million Series B investment

October 18, 2011

1 Min Read

PETACH TIKVA, Israel -- Siklu Inc., a pioneer in the wireless backhaul market today announced closing of its $19 million Series B investment. New investors in this round include Amiti Ventures, Qualcomm Incorporated and another undisclosed category leading strategic investor. They have been joined by all existing investors: DFJ- Tamir Fishman Ventures, Evergreen Venture Partners and Argonaut Private Equity. Ben Rabinowitz, Managing Partner at Amiti Ventures, will join the Board of Directors of Siklu.

Siklu delivers scalable and flexible carrier-grade millimeter wave Gigabit Ethernet radio solutions. These state-of-the-art, advanced architecture solutions offer unparalleled price-performance value.

Providing the industry's lowest total cost of ownership, and incorporating on-board advanced networking capabilities, solutions from Siklu are ideally suited for mobile backhaul, Carrier Ethernet business services, enterprise, and vertical applications in developed and emerging markets.

Siklu, already recognized as having the widest and deepest IP and technology advantage in the industry, will use the funding to further extend its leadership to picocell backhaul products for 4G/LTE and beyond, and to expand its marketing and sales activities to the U.S. and Indian markets.

Siklu Communications Ltd.

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