Plano-based BLiNQ Networks, the pioneer in small cell backhaul innovation, has raised US$15.1 million Series B funding bringing the company’s total financing to US$32.5M. This round of funding was led by WIN Fund LP and included Kensington Global Private Equity Fund as a new investor, with participation of existing investors BDC Capital, New Venture Partners and Summerhill Venture Partners.
According to BLiNQ, the funding comes on the heels of the successful launch last February of the X-1200 Adaptive NLOS Wireless Backhaul System for small cells. The new funds will continue to serve product innovation, scale operations and accelerate global sales growth.
BLiNQ is a pioneer of wireless backhaul solutions that uses cost-effective sub-6 GHz TDD spectrum to deliver mobile broadband services in high density areas. The company has its unique and patent-pending Managed Adaptive Resource Allocation (MARA) technology to provide network-level intelligence, self-organizing network capabilities, and eliminates interference challenges to maximize spectral efficiency.
“As mobile data continues to grow, Carrier networks are challenged to meet the demand and improve the user Quality of Experience. BLiNQ’s technology is a key enabler for operators to deliver a better mobile experience.”
– Rick Nathan, Kensington Managing Director
“We have partnered with several large operators at various stages of qualification trials and the feedback has been very positive on the automated adaptive capability and performance of BLiNQ’s solution as well as the low total cost of ownership. This funding will help continue to support these efforts and enable us to scale our sales and support efforts worldwide.”
– Mickey Miller, Co-founder and CEO at BLiNQ Networks