Telecommunications Industry News
Kineto Wireless Receives $15.5-Million in Funding for Femtocell Expansion
6:00 am on October 9, 2008 | Category: Business, Cellular, Wi-Fi, Wireless TechnologyFixed mobile convergence (FMC) startup, Kineto Wireless, has received $15.5 million in private equity funding from a number of investors, including Motorola, Oak Investment Partners, Sutter Hill Ventures, Venrock, Seapoint Ventures, and InterDigital.
Kineto Wireless is a Milpitas, California-based company, whose unlicensed mobile access technology provides a bridge between cellular and Wi-Fi networks, and is used in T-Mobile’s HotSpot@Home product.
Kineto’s next goal is to invest in the market for femtocells — mini cellular basestations that hook into any broadband internet connection, and help to improve in-home cellular coverage.
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Published by TeleClick Enterprises
Edited by Jeremy Maddock
