Stoke, a maker of convergence gateways for fixed and wireless broadband access technologies, is hitting up venture capitalists for yet another round of VC funding. The Santa Clara, Calif.-based firm is raising just over $40 million this time around, and plans to make a formal announcement in September (although posts like these have a way of accelerating such plans).
Stoke previously raised over $50 million, including a $20 million Series C infusion announced late last year. That round was later expanded by an undisclosed amount to include Indian telco Reliance Communications. Other backers include Kleiner Perkins, Sequoia Capital, DAG Ventures and Pilot House Ventures.
A company spokeswoman confirmed the basic details of the Series D round, but declined to comment further.