Monday, October 17, 2011

Siklu Wireless Raises $19 Million for EtherHaul E-band radio

Siklu Wireless, a start-up based in Petach Tikva, Israel, raised $19 million in Series B funding for its EtherHaul E-band radios aimed at the mobile backhaul market.

The Siklu EtherHaul radio operates in the relatively new and unused E-band wireless spectrum (71-76 GHz, 81-86 GHz and 92-95 GHz). It delivers Gigabit speeds and is aimed at urban wireless backhaul of macro, micro and pico-cell.

New investors in this round include Amiti Ventures, Qualcomm and another undisclosed category leading strategic investor. They have been joined by all existing investors: DFJ-Tamir Fishman Ventures, Evergreen Venture Partners and Argonaut Private Equity. Ben Rabinowitz, Managing Partner at Amiti Ventures, will join the Board of Directors of Siklu.

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