Monday, January 17, 2011

Stoke Raises $17 Million for Mobile Broadband Gateways

Stoke, a start-up based in Santa Clara, California, raised $17 million in Series E funding for its mobile broadband gateways.

Stoke develops carrier-class mobile broadband gateways designed for mobile data offload on 3G networks and for security aggregation on LTE networks. The Stoke Session Exchange (SSX) is a high density, ATCA-based gateway platform. The data offload function is performed without impacting untargeted traffic flows, without interfering with subscriber mobility, and without requiring any configuration changes to the mobile network elements. Stoke has shipped over 200 units of its SSX-3000 mobile broadband gateway since initiating commercial production in late 2008.

The new funding was led by new investor Focus Ventures, participation from existing investors included DAG Ventures, Integral Capital Partners, Pilot House Ventures, Net One Systems Co., DoCoMo Capital Ltd, Mobile Internet Capital, Inc, Sequoia Capital, and Kleiner Perkins Caufield & Byers. This brings Stoke's total funding to date to approximately $92 million.

Stoke said the latest investment will be used to support the company's rapidly increasing installed base, plus new LTE and 3G network optimization projects with top tier carriers in Europe, Asia and the U.S.

"Stoke, together with solution partners, is delivering advanced and unique solutions for the immediate requirements of accelerating content delivery, traffic optimization service delivery cost reduction, and secure LTE deployments. Our outlook for growth in 2011 is promising, given our central role in the strong operator investment focus on optimizing current network assets and preparing for or deploying LTE," commented Vikash Varma, President and CEO at Stoke.

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