Expway, a Sunnyvale, Calif.-based wireless multicast technology provider, raised €3M in funding.
The round was led by NTT DOCOMO Ventures, the corporate venture arm of NTT Group, with participation from current investors Innovation Capital, I-Source, TechFund and Isatis Capital.
The company intends to use the funds to further the adoption of FastLane.
Led by Thierry Sergent, CEO, Expway provides wireless multicast technology, which enables Mobile Network Operators (MNOs), Content Delivery Networks (CDNs) and Over-The-Top (OTT) content providers to monetize the mobile data explosion.
Its newly announced FastLane is an Ultimate Mobile CDN solution which optimizes data traffic between the telecom cells and the terminals using LTE Broadcast.