Ubidyne Secures $34 Million In Series B Funding

Tempe, AZ - Ubidyne recently announced that it secured $34M in second round funding lead by Doughty Hanson Technology Ventures. This completes one of the largest venture capital investments in the European wireless equipment market segment in recent years. Previous investors Accel Partners and TVM Capital have participated in the funding, along with new investor BayTech Venture Capital.

Ubidyne created the world's first digital, antenna embedded radio system for wireless communications. Ubidyne's patent-pending technology significantly improves the operating economics of wireless networks. It reduces energy consumption, enables simple, flexible deployment and increases the coverage and capacity of mobile communications networks.

"Our oversubscribed Series B funding is a strong vote of confidence in our technology, execution and growing market traction," commented Ken Hawk, CEO of Ubidyne. "Our investors' depth of experience and knowledge, together with their global network, will be invaluable in our efforts to become the undisputed leader in antenna embedded radios."

"Ubidyne's all-digital technology brings disruptive change to a market that today relies on traditional analogue technology that is expensive and inefficient. Ken Hawk (CEO) and Dr. Clemens Rheinfelder (CTO and Co-Founder) have built a great team and have demonstrated their breakthrough technology to wireless operators and OEMs. We look forward to helping Ubidyne capitalize on this tremendous opportunity," commented Stefan Tirtey, Partner at Doughty Hanson Technology Ventures and member of Ubidyne's Board of Directors.

"BayTech is excited to join and support Ubidyne. We consider Ubidyne's technology a truly disruptive breakthrough in the global cellular infrastructure market," stated Michael Hochholzer, Investment Partner at BayTech Venture Capital.

SOURCE: Ubidyne