Tuesday, October 7, 2008

Kineto Wireless Raises $15.5 Million for FMC

Kineto Wireless, a start-up based in Milpitas, California, announced an additional $15.5 million in funding for its fixed-mobile-convergence (FMC) solutions for mobile operators. The new funding includes a strategic investment from Motorola as part of a broader commercial relationship with the company's Home & Networks Mobility business.

Kineto's FMC solutions enable mobile operators to extend voice, data and IMS services over broadband access networks, thus harnessing the power of the Internet to lower service delivery costs while improving mobile coverage and performance. Kineto's FMC solutions are currently enabling mobile operators around the world to deliver a number of new revenue-generating FMC services, including dual-mode handsets, femtocells, terminal adaptors and softmobile clients.

Kineto's existing investors Oak Investment Partners, Sutter Hill Ventures, Venrock, Seapoint Ventures and InterDigital also participated in the funding.http://ww.kineto.com

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