Thursday, February 21, 2008

Arieso Raises £5million for Self Optimizing Wireless Networks

Arieso, a start-up based in Newbury, UK, secured £5 million in a Series B funding for its software for optimizing the quality of service for mobile cell phone users. By simulating network use, Arieso specifies the optimal setup for individual base stations to improve performance from the existing network, and can assess the return on investment of any additional sites. O2 Group, Telefonica, AT&T Mobility, Sprint, Vodafone and Qualcomm are among the organizations already using Arieso's products.

The new investment was led by Oxford Capital Partners and Qualcomm Ventures. Existing shareholders, Add Partners and Top Technology, also participated in the Series B round.