Kumu Networks, a Sunnyvale, CA-based wireless networking startup, raised $25m in Series C funding.
Backers included Verizon Ventures, Cisco Investments, Deutsche Telekom Strategic Investments, and Swisscom as well as existing backers New Enterprise Associates, Third Point Ventures, and Khosla Ventures.
The company intends to use the funds to continue to develop the technology.
Led by CEO Dave Cutrer, CTO Mayank Jain, Chief Systems Architect Jung-Il-Choi, VP of Product Management Joel Brand, VP of Engineering Steffen Hahn, Director of Engineering Jeffrey Mehlman, and Director of Product Steven Hong, Kumu Networks leverages a full-duplex wireless design to innovate the way wireless systems are built. Its wireless full-duplex technology allows a radio to transmit and receive signals at the same time using a single frequency channel, which enables the 5G network and the reduction of complexities in a variety of wireless devices.
The company has already partnered and conducted tests with Deutsche Telekom, Telecom Italia and Telefonica, among others.
FinSMEs
23/01/2016