Wireless backhaul co Siklu raises $19m

Siklu has closed a $19 million Series B investment from Amiti Ventures, Qualcomm and others.

Petach Tikva-based Siklu Inc., a pioneer in the wireless backhaul market, has closed a $19 million Series B investment. New investors in this round include Amiti Ventures, Qualcomm Incorporated and another undisclosed strategic investor. They have been joined by all existing investors: Fishman Holdings, Evergreen Venture Partners and Argonaut Private Equity. Ben Rabinowitz, managing partner at Amiti Ventures, will join the Board of Directors of Siklu.

Siklu delivers scalable and flexible carrier-grade millimeter wave Gigabit Ethernet radio solutions, which are suited for mobile backhaul. Qualcomm Ventures VP Nagraj Kashyap said, "Backhaul has become an important consideration for operators as they continue to expand their high-speed 3G networks and plan their 4G strategies."

DFJ- Tamir Fishman Ventures managing general partner Eldad Tamir and Evergreen Venture Partnersg general partner Adi Gan, also invested in the early stage of Siklu.

Published by Globes [online], Israel business news - www.globes-online.com - on October 23, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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