Ubiquisys Ltd., a UK-based provider of 3G femtocell access points for the residential market, has raised $11 million in third-round funding. The company did not identify any new investors, and previously raised $42 million from Accel Partners, Advent Venture Partners, Atlas Venture, Google and T-Mobile Venture Fund.
Ubiquisys, the leading developer of 3G femtocells, today announced it has secured $11m dollars funding from its existing shareholders to support it with a range of commercial operator deployments soon to take place globally targeting both the consumer and enterprise markets. At the same time the company also announced that Alison Sparshatt will be joining as CFO.
“The femtocell industry is about to enter a phase of aggressive growth,” said Chris Gilbert, CEO of Ubiquisys. “We have already seen the first major operator launches and the autumn will see a number of others unveiling their future plans. Securing this funding, against the current economic backdrop, underlines our investors’ commitment to the company’s technology and reaffirms our position as pioneers of the femtocell market.”
Earlier this year Softbank announced the world’s first commercial 3G femtocell deployment using the Ubiquisys ZoneGate. The company has pioneered the industry since it was founded in 2004, securing partnerships with the leading OEMs in the sector such as NEC, Nokia Siemens Networks, and NETGEAR. The company’s real-time cognitive radio was central in solving the issue of interference seen by many as a potential stumbling block to widespread femtocell deployments.
The appointment of Alison Sparshatt brings proven expertise in guiding the growth and maturity of entrepreneurial technology companies. Her comprehensive experience with pioneering technology companies such as Pixology, Anthropics Technology and NetBenefit will be invaluable to Ubiquisys as it moves into a new growth phase.
Ubiquisys is the specialist femtocell company recognized by the World Economic Forum as a 2009 Technology Pioneer. Its ZoneGate femtocells are manufactured with Sony UK Tech and are available as standalone units or as part of a residential gateway device such as Netgear’s DVG834GH and SerComm’s FC210U. In 2007 Ubiquisys created the Femto Forum to promote standards and partnerships in this fast-emerging industry. ABI Research named Ubiquisys as the world’s leading femtocell vendor in their 2008 and 2009 Femtocell Vendor Matrix. In September 2008 the company announced that Softbank would be the world’s first operator to offer 3G femtocell services using the ZoneGate. Ubiquisys is funded by Accel Partners, Advent Venture Partners, Atlas Venture, Google and T-Mobile Venture Fund. For more information, visit www.ubiquisys.com