Seattle-based Pacific Wireless Ventures has led a $6m financing round into network optimisation solution provider Opanga Networks.
The company, which provides technology to increase the capacity of mobile networks, plans to use the working capital to fund its growth.
Opanga CEO Dave Gibbons said, “Most video technology innovation today is focused on defensive strategies towards mobile video like compression and sacrificing playback quality inside consumers’ monthly data caps.
“Our solution is a game changer providing flawless HD mobile video playback, places no burden on the mobile networks and can therefore be unlimited to consumers.”
Last August the company expanded its management team by appointing Bob Wise as senior vice president of business development.
It is believed the financing is Pacific Wireless Ventures’ first investment.
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