Aperto Picks up $20 million

Aperto Networks announced today that it has secured $20 million of new equity funding.

The financing round was led by Quicksilver Ventures and included participation from several of the existing investors including Gunn Allen Venture Partners, JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO Ventures, and Labrador Ventures.

“Aperto has the technology and, with this funding, the financial critical mass to become the leading WiMAX infrastructure pure play globally,” said Randall Meals, Managing Director of Quicksilver Ventures. “With a comprehensive WiMAX portfolio including fixed and mobile WiMAX, as well as support for licensed and unlicensed spectrum bands, Aperto is in a unique position to address multiple market segments across a very wide geography.”

“Aperto has made great progress over the last year and is now engaged with over one hundred customers worldwide with our PacketMAX product line, said Mike Pratt, President and CEO of Aperto Networks.” We will use this round of funding to solidify our position as the leading supplier of mobile and fixed WiMAX products to service providers and enterprise customers worldwide.”

The PacketMAX family of products delivers the critical elements required to extend wireless broadband services to a wide range of users—ranging from governments, large enterprises and public-sector organizations to multi-tenet buildings and residences—using a single, standards-based platform. The company’s flagship product, the PacketMAX 5000 base station, is also the only carrier-grade base station that can support and operate both the IEEE802.16-2004 and IEEE802.16-2005 WiMAX standards simultaneously.
 

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