Federated Wireless secured the return of founding investor Allied Minds for a $13.7m extension that will expand wireless communications services forged on Virginia Tech research.
Federated Wireless, a US-based provider of phone spectrum-sharing technology based on Virginia Tech research, has extended its series C round to $64.7m following a $13.7m investment by commercialisation firm Allied Minds and Pennant Investors.
Both took part in the initial $51m tranche in September 2019, participating alongside Singaporean sovereign wealth fund GIC and telecoms infrastructure providers SBA Communications and American Tower.
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.
Capital will also go to other growth initiatives, including plans to secure capacity on the 6GHz spectrum band when it is launched in the US, and subsequently in the EU and…
