SpiderCloud Wireless, a developer of wireless technologies and creator of the Enterprise Radio Access Network (E-RAN) platform developed for mobile operators, has announced the closing of its Series B financing round. The $25 million (15.7 million) round was led by Opus Capital, along with new investments from Shasta Ventures and existing Series A investors, Charles River Ventures and Matrix Partners.
The company has also announced the addition of Behrooz Parsay as its new Senior Vice President of Engineering and Operations. He has over 20 years experience in bringing wire-line and wireless products and systems to market and has previously held RF engineering and management positions with Aperto Networks, Ericsson, DIVA, Kestrel, and Lantern Communications.
SpiderClouds E-RAN platform is a scalable system comprised of a SmartCloud Services Node (SCSN) and Radio Nodes (SCRN). Advanced features bring zero touch installation and low-cost routing options for voice and data to the world of mobile radio access networks. The result is a purpose-built and self-organizing wireless network capable of extending the enterprises full suite of voice and data applications and services to any standard handset or computing device. According to SpiderCloud, E-RAN brings together the functionality and security of cellular networks with the utility and economics of enterprise wi-fi data networks.