Sunday, January 31, 2010

SpiderCloud Adds $25 million for Enterprise Radio Access Network (E-RAN)

SpiderCloud Wireless, a start-up based in Santa Clara, California, announced $25 million in Series B funding for its Enterprise Radio Access Network (E-RAN) platform developed for mobile operators.

SpiderCloud Wireless mission is to enable self-organizing wireless network capable of extending the enterprise's full suite of voice and data applications and services to any standard handset or computing device. The goal to bring together the functionality and security of cellular networks with the utility and economics of enterprise data networks. Its SmartCloud Services Node (SCSN) is analogous to an enterprise Wi-Fi switch but can be used by carriers to serve enterprise segments previously too expensive and complex to deploy in-building. Advanced features of its platform include "zero touch" installation and low-cost routing options for voice and data to the world of mobile radio access networks.

The $25 million round was led by Opus Capital along with new investments from Shasta Ventures and existing Series A investors Charles River Ventures and Matrix Partners.

The company also announced the addition of Behrooz Parsay as its new senior vice president of engineering and operations. Previously, he held RF engineering and management positions with Aperto Networks, Ericsson, DIVA, Kestrel, and Lantern Communications.

  • SpiderCloud is headed by Mike Gallagher, who previously was the chief executive officer of FiberTower, a company he joined via the merger with First Avenue Networks in 2006 where Mike Gallagher was the chief executive officer. Mr. Gallagher was previously the president of Flarion Technologies, a company acquired by Qualcomm. SpiderCloud's technical team includes Peter Wexler (co-founder), who previously was the vice president of engineering and product operations at Stoke.

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