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.