SpiderCloud Wireless Closes Series B Financing Round

SpiderCloud Wireless, Inc. reportedly closed its $25 million series B financing round. The round was led by Opus Capital along with new investments from Shasta Ventures and existing Series A investors Charles River Ventures and Matrix Partners.

 

The company also appointed Behrooz Parsay as its new senior vice president of engineering and operations. A privately funded company, SpiderCloud Wireless is based in Santa Clara, Calif.

 

Investing in SpiderCloud Wireless will help address the network capacity issues faced by mobile operators. In fact, the indoor wireless E-RAN platform from SpiderCloud Wireless has the potential to change how radio access networks are deployed for years to come.

 

 According to Michael Gallagher, CEO of SpiderCloud Wireless, Inc., the investment will enable SpiderCloud to deepen its partnerships with enterprise solution providers to introduce a new class of mobile Internet services.

 

In other news, Parsay has been appointed as the new senior vice president of engineering and operations at SpiderCloud Wireless. Parsay has more than 20 years of experience in bringing wire-line and wireless products and systems to market. Parsay has also held RF engineering and management positions with Aperto Networks, Ericsson (News - Alert), DIVA, Kestrel, and Lantern Communications earlier in his career.

 

According to Parsay, SpiderCloud Wireless is unique in its approach to solving the indoor capacity and coverage problems for mobile operators.

 

The Enterprise Radio Access Network  platform from SpiderCloud Wireless is a private and secure mobile network architecture which provides targeted capacity and coverage for enterprise customers. The scalable system comprised of a SmartCloud Services Node  and Radio Nodes brings together the functionality and security of cellular networks with the utility and economics of enterprise Wi-Fi data networks.

 

The SpiderCloud Wireless E-RAN system helps mobile operators monetize their licensed spectrum, increase service penetration and drive mass-scale adoption of indoor enterprise cellular solutions. Enterprises will in turn benefit from a dedicated 3G cellular network inside that enables corporate-sponsored cellular devices to become mobile extensions of the corporate infrastructure.