SpiderCloud Wireless Inc, a developer of wireless technologies and the pioneer of the Enterprise Radio Access Network (E-RAN) platform developed for mobile operators, has closed a series B financing round. The $25m round was led by Opus Capital along with new investments from Shasta Ventures and existing series A investors Charles River Ventures and Matrix Partners.
E-RAN brings together the functionality and security of cellular networks with the utility and economics of enterprise Wi-Fi data networks, the company said.
“Investing in SpiderCloud Wireless means investing in a solution to address the network capacity issues facing mobile operators today,” said Rob Coneybeer, managing director at Shasta Ventures. “The indoor wireless E-RAN platform has the potential to change how radio access networks are deployed for years to come.”
Lead investor Opus Capital has more than $1bn under management and is investing its fifth fund.
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