The amount of the deal was not disclosed. In conjunction with the funding, Mr. Nicolas Demassieux, the head of Orange Labs, is joining the BandwidthX Advisory Board.
The company intends to use the funds to develop and deploy new solutions and expand the scope and reach of BxMarket.
Led by Pertti Visuri, CEO, BandwidthX operates BxMarket, a cloud-based Wi-Fi marketplace that makes third party Wi-Fi networks available as an extension of mobile operators’ cellular data networks and enables practical wireless data capacity commerce on a wide scale.
The business-to-business solution enables mobile operators to meet data demand by buying unused Wi-Fi capacity from broadband Internet service providers.