Blue Danube Systems, a Mountain View, CA, and Warren, NJ-based provider of mobile wireless access solutions, closed a $16m Series B funding.
Backers included previous investor Sequoia Capital, new investor Northgate and strategic investor AT&T.
The company, which has raised a total of $23.7m in equity financing, will use the funds to accelerate the commercial deployment of its new radio system.
Led by Dr. Mark Pinto, CEO, Blue Danube is advancing a novel radio system, based on its proprietary integrated circuits and software, which promises to enable up to a 10X increase in average cell capacity with existing LTE infrastructure and mobile devices.
FinSMEs
12/05/2015