Milimeter wave startup, Siklu has closed $18 million in Series-D funding led by Sercomm, a leading manufacturer of broadband and wireless networking equipment. Siklu delivers Gigabit capacity millimeter wave wireless connectivity operating in the 60, 70/80 GHz bands. Millimeter Wave equipment market is expected to grow to $755 million by 2018, according to Infonetics. In another report, ABI Research anticipates that milimeter wave will become the fastest growing small cells backhaul technology.
Siklu Secures Additional $18M to Bolster Expansion of mmWave Tech. in Rapid-Growth Markets http://t.co/4DHZU3NMoj pic.twitter.com/paLtpCgTql
— Siklu (@Siklu_mmwave) August 19, 2015
Siklu said that it will continue to disrupt the milimeter wave market with technology not only capable of carrying out the ambitious goal of providing Gigabit-To-The-Home (GTTH), but also of providing important building blocks for 5G mobile access deployed in the milimeter wave spectrum. Siklu added that its solutions are already deployed across the globe, from the U.S. and Europe to emerging markets such as Eastern Europe, Russia, Latin America and Asia, to provide a wide range of connectivity solutions from mobile, small cells and Wi-Fi backhaul, to video surveillance and fiber-to-the-home connectivity.
James Wang, President and CEO, Sercomm
Siklu approaches network connectivity in an entirely different way, packing cutting edge technology into mass market products. We believe in the company’s potential to be a bellwether of change for the future of wireless networks. The strategic partnership we are building with Siklu will enable both our companies to enter new markets, which are expected to grow exponentially.
Izik Kirshenbaum, Co-Founder, Chairman and President, Siklu
This additional funding is a great vote of confidence in Siklu’s vision and execution. The company’s exceptional connectivity solutions enable customers to swiftly expedite capacity increase, while supporting efficient business models. We will use this funding to further strengthen our market leadership, and to extend our reach into new markets and geographies.