Monday, January 9, 2012

BridgeWave Secures $10.3 Million for 4G Millimeter Wave Backhaul

BridgeWave Communications, which supplies 4G millimeter wave backhaul solutions, has secured an additional $10.3 million in financing to support accelerating growth in the backhaul for network deployments. The round was led by Intel Capital and Morgan Creek Capital Management, with full participation from existing investors Core Capital Partners and Cipio Partners.

"This investment will allow us to ramp up production of our carrier-grade wireless backhaul products as we go into 2012,�? said Amir Makleff, BridgeWave president and CEO. “As mobile operators and carriers continue to see a substantial increase in traffic due to data-hungry mobile devices, they will turn to systems like ours to meet their network needs."