Cambridge Broadband Networks Raises $16.5M in Funding
Cambridge Broadband Networks Ltd, a Cambridge, UK-based provider of microwave backhaul and access solutions, has raised $16.5m in funding.
Investors include existing backers Accel Partners, Adara, Amadeus Capital Partners and TVM Capital and new partners including Samsung Ventures Europe.
The company intends to use the capital to invest in product development as well as its sales and customer support organisation in order to expand into new geographical markets.
Cambridge Broadband Networks provides telecommunications operators with carrier-class wireless point-to-multipoint transmission equipment. Its backhaul solutions mirror the point-to-multipoint (PMP) architecture found in existing 3G, and next generation Long Term Evolution (LTE), radio access networks.
To date, the company’s products have been commercially deployed and technically proven in over 30 countries.
Cambridge Broadband Networks operates offices in Malaysia, Nigeria and South Africa and manufacturing facilities in China.