Santa Clara, Calif.-based PureWave Networks Inc., maker of 4G wireless base stations, has raised $5 million in Series C financing. Investors in the round were not named. The company said it would use the financing for continued development and commercialization of its new line of small cell LTE base stations. The company has previously raised capital from investors including TA Ventures, Leapfrog Ventures, Allegis Capital and Benhamou Global Ventures.
PureWave Networks, Inc., an innovative provider of advanced, cost-effective 4G wireless base stations, today announced that it has secured $5 million in Series C funding from existing and new investors. PureWave will use the proceeds from the investment round to continue the development and commercialization of its innovative new line of small cell LTE base stations, as well as to grow the company’s market presence in key markets.
“Our sales have increased roughly fourfold in 2011 and we expect them to double again this year,” said Don Meiners, PureWave’s CEO. “With such strong sales growth, we approached this investment round as an opportunity to extend our global reach and to strengthen our presence in key markets. We are excited to announce that one of the investors in this financing round is a strategic partner that will extend PureWave’s reach in Asia, give us on-the-ground presence in future growth markets and allow us to better serve our existing Asia-Pacific customers.”
As demand for wireless data services around the globe continues to grow at a rapid pace, wireless networks are being brought to their knees and operators are struggling to quickly and cost-effectively expand network capacity to meet the demand. The advent of Small Cell base stations is quickly transforming the economics of wireless networks and fundamentally changing the way they are deployed. PureWave remains at the forefront of this small cell revolution through a combination of advanced technology and an innovative portfolio compact and small cell base stations.
PureWave, a Silicon Valley Company, is a rapidly growing supplier of high-performance small cell and compact LTE and WiMAX base stations. PureWave’s award winning family of PureWave Quantum mobile WiMAX base stations supports a wide range of third party end-user devices, can be deployed with or without an ASN-GW and are designed to be installed completely outdoors with no need for a climate controlled shelter.
Established in 2003, PureWave Networks develops high-performance, carrier-class LTE and mobile WiMAX (802.16e) base station equipment. PureWave Networks’ PureMax™ technology is a smart antenna solution that delivers significantly higher capacity and coverage than the competition. PureWave products employ a software-defined radio architecture which assures that networks deployed today can continue to evolve and improve with time.