Federated Wireless, a wireless infrastructure solutions provider has raised US$22 million in a Series A round led by Woodford Investment Management. Boston based Allied Minds, parent company of Federated Wireless, was also a part of round.
The new funds will be used to bolster the development of the company’s cloud-hosted Spectrum Access System (SAS) and CINQ platform. The latter is a cloud-hosted data analytics and intelligence solution that provides access to real-time management of shared spectrum made possible through SAS. The development will eventually bring the benefits of shared spectrum in the 3.5GHz band to enterprise customers in the education, healthcare, hospitality, retail and financial markets.
Iyad Tarazi, Chief Executive Officer of Federated Wireless stated, “We are committed to continuing our leadership in the development of Shared Spectrum technology. We believe that our SAS and broad-based CINQ platform architecture will enable carriers and enterprises to extend wireless networks seamlessly and cost effectively.”
Federated Wireless’ is looking to team up with the leaders in the telecommunication and Wi-Fi sectors. It is also looking at opportunities with government agencies such as the Federal Communications Commission (FCC) to develop standards for sharing the newly introduced 3.5 GHz band of unlicensed spectrum.
Boost to smart cities & IoT
The eventual development and commercialization of the company’s CINQ platform will also be beneficial for newly launched applications that facilitate connectivity in homes and smart cities; and Internet of Things (IoT).
Speaking on the latest round of funding, Chris Silva, CEO, Allied Minds, said, “Through our most recent investment in Federated Wireless, we are confident that access to low-cost, high-quality spectrum will drive the next wave of growth in the unlicensed LTE market, similar to the growth of Wi-Fi over the last decade. This successful fundraising will help to make this model a reality.”