Federated Wireless, a US-based provider of phone spectrum-sharing technology, has extended a series C round featuring telecommunications infrastructure providers SBA Communications and American Tower to $64.7m.
Allied Minds and Pennant Investors provided $13.7m having participated in the $51m first tranche in September 2019 alongside SBA, American Tower and Singaporean sovereign wealth fund GIC.
Founded in 2012, Federated Wireless offers shared spectrum technologies which enable mobile network operators to more efficiently allocate specific US radio frequencies intended for small enterprise communication networks.
The funding will support a recently launched wireless network-as-a-service offering, targeting enterprises through an integration with cloud computing platforms Amazon Web Services and Microsoft Azure.
Extra cash will go to additional growth initiatives, including plans to secure capacity on the 6GHz spectrum band when it is launched in the US, and subsequently in the European Union and Asia. The company’s overall funding stands at nearly $134m.
Federated Wireless secured $42m in a 2017 series B round featuring American Tower, telecoms and cable provider Charter Communications, telecoms equipment producer Arris International, GIC and founding investor Allied Minds. Its earlier investors include Woodford Investment Management.
The original version of this article appeared on our sister site, Global University Venturing.