Wednesday, May 21, 2014

Mimosa Raises $20 Million for Massive MIMO Wi-Fi

Mimosa Networks, a start-up based in Campbell, California, $20 million investment in Series C funding for its work in last mile, gigabit wireless technology.

The latest funding was led by returning investor New Enterprise Associates (NEA). Oak Investment Partners also returned for its third round of investment in Mimosa, bringing the company’s total financing to $38 million.

The company plans to introduce a wireless product line for ISPs that leverages the most advanced Wi-Fi technology.  Mimosa has a partnership with Quantenna, which has previously disclosed plans for a 8x8 MU-MIMO chipset capable of 10Gbps speeds.

“The wireless industry is set to explode in the coming years, and Mimosa’s technology is unique in its ability to help networks scale to meet the needs of the global communications market,” said Greg Papadopoulos, venture partner, NEA. “We are excited to have the chance to ‘double down’ on a company so clearly poised to transform and revolutionize the wireless space.”