Sunday, July 30, 2006

WiNetworks Raises $11 Million for 802.16 d/e and DVB

WiNetworks, a start-up based in Herzalia, Israel, raised $11 million in venture capital funding for its WiMAX (IEEE 802.16 d/e) and Digital Video Broadcasting (DVB) technologies.

WiNetworks specializes in Hybrid WiMAX DVB (HWDV) for delivering Triple Play services. The company is currently shipping its WiMAX platform, which is particularly aimed at Digital Broadcast Satellite (DBS) operators and Cable Operators that would like to expand their video content to mobile users.

In this round, most of the funding came from WiNetworks existing investors, Cedar Fund, Columbia Capital and Rho Capital, with Evergreen entering as a new investor. This is the second major financing round for WiNetworks, which was founded in 2003 with seed financing from Cedar Fund.

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