Product category: Embedded Software and Operating Systems
News Release from: Celerica
Edited by the Electronicstalk Editorial Team on 21 February 2002
Cellular infrastructure startup
raises $18 million
Wireless infrastructure startup Celerica has completed its second round of funding
Leading the round of over $18 million was Pitango Venture Capital of Tel Aviv, Israel. Other investors include Charles River Ventures, Ridgewood Capital, Platinum Venture Capital and STAR Ventures, as well as the private investors that participated in the initial funding of the company. The total funding raised to date is over $20 million.
Related stories
Acquisition adds wireless optical technology
Celerica has acquired the intellectual property of OrAccess, an Israeli startup company specialising in high-end, high-speed wireless optics technology
Giallo sets sales for the Americas
Celerica has appointed Joseph F Giallo II as vice president of sales in the Americas Region
Celerica's products maximise the capacity of existing wireless infrastructure in urban areas, enabling mobile operators to add cellular sites less expensively and in hours as opposed to the previous norm of much lengthier time frames and at higher costs.
The company was founded in June 2000 and will unveil its solutions for the first time at their Rosen Centre Hotel hospitality suite during the CTIA trade show, 18th-20th March 2002 in Orlando, Fla.
Isaac Hillel, Managing Director of Pitango Venture Capital said: "Celerica is providing an innovative way to design cellular networks more economically and more efficiently.
Further reading
Multi-access-network device tests well in Israel
Celerica has revealed the details of its beta trial with Cellcom, the largest Israeli-based cellular company with more than 2 million subscribers
We believe that Celerica delivers the type of solutions that operators want today and in years to come".
"Carriers are struggling to quickly deliver additional capacity and services for their ever-increasing customer bases", said Bruce Sachs, general partner for Charles River Ventures.
"Celerica's business proposition is extremely compelling in its ability to address these carrier needs with pragmatic solutions today".
Anya Eldan, Manager Partner of Platinum Venture Capital said: "Greenfield 3G operators will find Celerica's technology compelling in building optimised network grids".
"Celerica's distributed cell site architecture allows both incumbent and new cellular providers to lower their cost of cellular build out while leveraging existing infrastructure", said Elton Sherwin, senior managing director, Ridgewood Capital.
"Celerica understands the challenges faced by mobile carriers that need to quickly provide additional cellular capacity in urban areas", said Miguel Cisin, CEO of Celerica.
"Our solutions deliver speed and flexibility, are compatible with all cellular and PCS technologies, and leverage the carrier's existing infrastructure ensuring investment protection now and in the future".
In addition to Cisin, Celerica board members include Matt Desch, Chairman of Airspan Networks, Bruce Sachs, Charles River Ventures, Isaac Hillel, Pitango Venture Capital, and Pini Sabach, president and founder of Celerica.
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