BLiNQ Networks Raises $10M in Funding
BLiNQ Networks Inc., a Plano, TX-based provider of next-generation intelligent wireless backhaul solutions, has raised an additional $10m in funding.
Backers include BDC Venture Capital, New Venture Partners and Summerhill Venture Partners.
The company intends to use the funding to expand and accelerate global sales and marketing efforts as well as ongoing development of its patent-pending, high capacity mobile transport solutions.
Founded in June 2010 by Mickey Mille, CEO, BLiNQ provides wireless backhaul solutions that use cost-effective sub-6 GHz TDD spectrum and patent-pending Managed Adaptive Resource Allocation (MARA) technology to provide network-level intelligence, self-organizing network capabilities, and eliminates interference challenges to maximize spectral efficiency. The company has research and development facilities in Ottawa, Canada.