US-based wireless technology developer Siklu closed an $18m series D round yesterday featuring networking equipment maker Sercomm and semiconductor Qualcomm’s corporate venturing arm, Qualcomm Ventures.
Evergreen Venture Partners, Argonaut Private Equity, Tamares Group, DFJ Tamir Fishman Ventures and Amiti Ventures also took part in the round.
Founded in 2008, Siklu has created carrier-grade, palm-size wireless radios that use high frequency technology to establish high-speed wireless networks in urban settings.
Siklu has not disclosed details of uuts its series C funding. Qualcomm contributed to a $20m series B round in 2011 alongside Amiti, DFJ Tamir Fishman, Evergreen, Argonaut and one unnamed investor.
DFJ Tamir Fishman, Evergreen and Argonaut provided $12m in series A capital for Siklu in 2008.
James Wang, president and chief executive of Sercomm, said: “Siklu approaches network connectivity in an entirely different way, packing cutting edge technology into mass market products.
“We believe in the company’s potential to be a bellwether of change for the future of wireless networks. The strategic partnership we are building with Siklu will enable both our companies to enter new markets, which are expected to grow exponentially.”