Cambridge Broadband Networks, a UK-based provider of point-to-multipoint transmission equipment to telecom operators, has raised $7.5 million in new VC funding. Return backers include Accel Partners, Adara, Amadeus Capital Partners and TVM. It had previously raised around $66 million.
With full support of existing investors which include Accel Partners, Adara, Amadeus Capital Partners and TVM, Cambridge Broadband Networks today announced that it has secured $7.5M of new financing.
Cambridge Broadband Networks is the leading supplier of intelligent point-to-multipoint (PMP) microwave backhaul solutions. Its customers include MTN Group, Vodacom and Maxis Telecom. The company has seen a significant increase in demand for its VectaStar products and recently announced moving its production to China in order to meet the growing demand for its products.
VectaStar is providing low-risk microwave backhaul solutions that keep pace with rising packet data traffic while reducing expense and complexity.
To secure this investment at this time is a significant endorsement of our Vectastar point-to-multipoint microwave solution and the strength of the Cambridge Broadband Networks team.
said Graham Peel, CEO of Cambridge Broadband Networks.
Our performance in the past year, and our strong positive outlook, are evidence of mobile operators embracing VectaStar as the next generation technology that meets their existing and future backhaul requirements.
About Cambridge Broadband Networks
Cambridge Broadband Networks provides telecommunications operators with carrier-class wireless Point-to-Multipoint transmission equipment. The company’s unique approach to backhaul means that its technology provides operators with a highly compelling business case, reducing backhaul costs by up to 60%.
To date, Cambridge Broadband Networks products have been commercially deployed and technically proven in more than 30 countries, and the company continues to expand into new geographical markets as wireless networks become more widespread throughout the world. Privately-held, Cambridge Broadband Networks has headquarters in Cambridge, UK, with offices in Malaysia and South Africa and manufacturing facilities in China and the UK.