SOMA Networks Receives $51,000,000 New Funding

  • Feed Type
  • Date
    7/18/2008
  • Company Name
    SOMA Networks
  • Mailing Address
    650 Townsend Street San Francisco, CA 94103
  • Company Description
    SOMA Networks was the first, and continues to be the only, broadband wireless company to deliver the industry’s only all-IP Multimedia Application System for service providers. By taking a systems level, holistic network approach, SOMA makes the mobile WiMAX Standard better for service providers. Revenue (POTS) quality VoIP, multi-megabit broadband data and video applications are key components of the SOMA solution, in addition to award winning macro base stations and subscriber gateways.
  • Website
    http://www.somanetworks.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $51,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The financing has been earmarked for continued expansion of international operations and deployments, including ongoing support of the industry’s largest WiMAX network with Bharat Sanchar Nigam Ltd (BSNL), India’s state-owned telecommunications company.
  • M&A Terms
  • Venture Investor
    Daiwa Securities SMBC Principal Investments Co.
  • Venture Investor
    Undisclosed

Trending on Xconomy