Siklu Inc. (Petach Tikva, Israel), a wireless backhaul provider, on Tuesday announced the closing of its $19 million Series B investment. New investors in this round include Amiti Ventures (Chicago, Ill, U.S.A.), Qualcomm Incorporated (San Diego, Calif., U.S.A.) and another undisclosed category leading strategic investor. They have been joined by all existing investors: DFJ-Tamir Fishman Ventures, Evergreen Venture Partners and Argonaut Private Equity. Ben Rabinowitz, Managing Partner at Amiti Ventures, will join the Board of Directors of Siklu.
Siklu will use the funding to further extend its picocell backhaul products for 4G/LTE, and to expand its marketing and sales activities to the U.S. and Indian markets, according to the company.
“Backhaul has become an important consideration for operators as they continue to expand their high-speed 3G networks and plan their 4G strategies,” says Nagraj Kashyap, Vice President of Qualcomm Ventures. “Siklu has taken a creative approach to this challenge with its miniature picocell architecture.”
Khatod and Argonaut, together with DFJ-Tamir Fishman Ventures Managing General Partner Eldad Tamir and Evergreen Venture Partners General Partner Adi Gan, invested in the early stage of Siklu.