Ubidyne, the leader in digital radio technology for the wireless
industry, today announced that it secured $34 million in second round
funding led 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.
About Ubidyne:
Ubidyne is the global leader in digital antenna embedded radio
technology for wireless communications. Ubidyne´s
standards-agnostic micro-radio technology is integrated with wireless
antennas and revolutionizes the economics of mobile communications.
These integrated active antenna systems are compatible with current and
next generation mobile standards. They eliminate the need for coaxial
feeder cables, remote electrical tilt and additional amplifiers on
antenna towers and masts. Ubidyne´s
technology significantly reduces energy consumption while improving
radio performance, deployment flexibility, coverage and capacity of
mobile communications networks globally. Visit www.ubidyne.com for more information.
