Expway Closes $3.3M Financing

expwayExpway, a Sunnyvale, Calif.-based provider of LTE (Long Term Evolution) Multicast solutions, closed a $3.3m financing round.

Isatis Capital, a spin-off of BNP Paribas Private Equity, made the investment, joining previous investors CDC Innovation, a subsidiary of the Group Caisse des Dépôts, iSource, and TechFund.

The company intends to use the funds to accelerate its continued global expansion and invest in LTE public safety solutions.

Led by Thierry Sergent, CEO, Expway provides LTE multicast solutions that offer access to large data and dynamic multicast communications possibilities enabling network operators and service providers such as Verizon Wireless, Huawei, NTT DoCoMo, Alcatel-Lucent, Intel, Reliance Jio Infocomm, and ODMs such as Intel and Sony to monetize mobile data.



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