By Rhonda Wickham
Thursday, June 26, 2008
As WiMAX and Long Term Evolution (LTE) deliver higher bandwidth applications and faster data speeds to consumers, operators will require increased backhaul capacity. BridgeWave Communications’ latest round of funding – $10 million in Series 4 funding – will help it increase its presence in gigabit wireless enterprise and fixed mobile operator networks as they migrate into the next-generation gigabit mobile backhaul space.
This round of funding was led by Intel Capital and a new investor, Core Capital, with participation from prior round venture capital firms Cipio Partners, Merifin Capital and SDL Ventures.
Sriram Viswanathan, director of the Mobility Sector for Intel Capital, said WiMAX and LTE will demand increased backhaul transport capacity, particularly in high-density metro areas. “BridgeWave is well-positioned to address this need as their technology provides full line-rate gigabit speeds and utilizes the wide spectrum available between 60 GHz and 90 GHz.”
As a result of the financing, Pascal Luck, managing director at Core Capital, will join the BridgeWave board of directors.