Fastback Networks, a San Jose, Calif.-based provider of an intelligent wireless transport solution, raised $15m in Series B funding.
The round was led by Matrix Partners, with participation from existing investors Juniper Networks, Foundation Capital, and Granite Ventures. In conjunction with the funding, Stan Reiss, General Partner, Matrix Partners, joined Fastback Networks’ Board of Directors.
The company intends to use the capital to accelerate and scale customer engagements, improve customer service and support capabilities, and facilitate ongoing product development for its solution.
Backed in 2011 with an $11m Series A financing and emerged from stealth mode in February 2013, Fastback Networks provides intelligent wireless transport devices that deliver fiber equivalent performance for small cell backhaul and commercial services. The company’s solution, currently in trials with Tier 1 mobile network and services operators, combines advanced radio and data network technology to enable mobile network operators to deploy small cells in any location without line of sight or access to fiber constraints, and fiber network operators to assure delivery of Carrier Ethernet 2.0 services over wireless to locations that previously could not be served.
Fastback Networks is led by Kevin J. Duffy, CEO & Co-founder.