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September 07, 2006
Triple A First Round For Ubiquisys
UbiquiSys, cellular communications hardware company, has raised a $12m Series A round from Accel Partners, Advent Ventures and Atlas Venture.
This deal comes almost a year after the Swindon-based company raised seed financing from Atlas and Advent.
We think it’s only coincidence and not a requirement for investment that the VC firm’s name begin with an “A”.
The Ubiquisys ZoneGate Box Is Targeted At Consumers With Cellphones And A Broadband Connection
UbiquiSys expects to have its boxes in market trials in 2007 and the new capital is meant to finance that effort.
For cellcos, and ultimately their subscribers, the company's products solve a problem with using 3G phones at home where costs of providing indoor cellular coverage have been prohibitive on the side of cellco, and the battery power consumption has turned off consumers (apparently it takes a lot of power to get signalling from 3G basestations).
What is more, it will enable VOIP services from cellcos.The idea is that cellcos will better be able to compete with the emerging WiFi and wireless VOIP innovations emerging on the market if they have such systems to sell.
It sounds like a good idea since 3G is being deployed in many large sized markets and cellcos need something to fight off the growing number of startups in the Wifi/VOIP area.
There is another startup we've covered that has similar gear, 4G Systems over in Germany, which was founded back in 2002 and has some early stage financing behind it too, although its core features concentrate more on cellular data services, as we understand it.
Posted on September 7, 2006 02:04 PM | Posted to News And Updates | Venture Capital | VoIP | Wireless | Permalink
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