Wireless startup Federated Wireless, Inc., closed $42 million in Series B financing. Four investors contributed to the round: Arris Enterprises, Charter Communications, American Tower, and GIC.
Federated Wireless provides cloud-based wireless infrastructure solutions to extend the carrier network access. The company’s dynamic spectrum access system aims to revolutionize how spectrum is allocated, managed, and optimized. Its unique approach incorporates a neural network of radio sensors, allowing interference-free access to low-cost, high-quality, licensed spectrum while breaking down traditional barriers of high cost and exclusivity.
According to the company, the commercial availability of its spectrum controller and proceeds from the new investment will enable Federated Wireless to cement its leadership position in the industry shift to shared spectrum, which is set to begin this year.
Federated Wireless Brings In $42 Million
