Siklu Inc., a Fair Lawn, New Jersey and Petach Tikva, Israel-based provider of millimeter wave technology, raised $18m in Series D funding.
Backers included Sercomm Corporation (TWSE: 5388), Argonaut Private Equity, Evergreen Venture Partners, DFJ Tamir Fishman Ventures, Qualcomm Ventures (NASDAQ: QCOM), The Tamares Group and Amiti Ventures.
The company intends to use the funds to accelerate its growth and improve its market position. , was joined by existing investors Argonaut Private Equity, Evergreen Venture Partners, DFJ Tamir Fishman Ventures, Qualcomm Ventures The Tamares Group and Amiti Ventures.
Led by Izik Kirshenbaum, Co-Founder, Chairman and President, Siklu provides mmWave solutions in areas such as video surveillance, Wi-Fi backhaul and access to residential Multi-Dwelling-Units (MDU). The company’s products already cover thousands of fiber extensions for 3G/LTE telecommunication networks and business connectivity.