Expway said it raised 3 million euros ($3.4 million) in capital, half of which came from NTT DOCOMO Ventures. The other half came from current investors including Innovation Capital, I-Source, TechFund and Isatis Capital. Sunnyvale, California-based Expway is a wireless multicast provider.
March 30, 2016 07:51 PM Eastern Daylight Time
SUNNYVALE, Calif.–(BUSINESS WIRE)–Expway, the wireless multicast leader, announced today that NTT DOCOMO Ventures has made a strategic investment in the company.
NTT DOCOMO Ventures is the corporate venture arm of NTT Group. Expway received a total capital injection of 3 Million Euros, half of which came from NTT DOCOMO Ventures. Expway’s current investors, Innovation Capital, I-Source, TechFund and Isatis Capital provided the other half.
The funds will be used to further the adoption of FastLane, Expway’s newly announced Ultimate Mobile CDN solution which optimizes data traffic between the telecom cells and the terminals using LTE Broadcast. In addition, Expway’s solution will also be made available on Wi-Fi networks to enhance video delivery in highly dense areas.
“NTT group and Expway have partnered for more than ten years, building trust and synergies with a number of NTT group divisions,” said Thierry Sergent, CEO Expway. “This investment strengthens Expway and its leadership position worldwide as an the only end-to-end Wireless Multicast technology provider.”
“We recognize the growing importance of Wireless Multicast solutions, and the growing demand for an irreproachable high quality video experience these solutions address,” stated Akimoto-san, Executive Vice President & COO, NTT DOCOMO Ventures. “NTT Group’s collaboration will help Expway expand its business in this area.”
Expway is the world leader in wireless multicast, enabling Mobile Network Operators (MNOs), Content Delivery Networks (CDNs) and Over-The-Top (OTT) content providers to monetize the mobile data explosion. Expway delivers the highest quality mobile content efficiently and cost effectively through the last mile, from the MNO to the mobile device, with the highest quality of experience. Expway is the only vendor to offer a complete end-to-end, open solution, providing both the LTE Broadcast server and the device middleware. For more information, please visit www.expway.com.
About NTT Docomo Ventures
NTT DOCOMO Ventures, the NTT Group’s corporate venture capital firm, aims to accelerate innovation for creation of new services, disruptive technologies and innovative processes serving as a primary channel for startup companies and venture communities on behalf of the NTT Group, Japan’s leading ICT service provider. We proactively enhance cooperation with exceptional entrepreneurs on a worldwide scale by providing capital from our corporate venture funds and vast business development opportunities with the NTT Group companies.