Intel Capital joins consortium investing $12m in Altobridge.
Ireland-based wireless network service provider Altobridge has raised $12m in its series C round from Intel Capital, the corporate venturing unit of semiconductor company Intel, and International Finance Corporation (IFC).
Marcos Battisti, director of Intel Capital Western Europe and Israel, said: "Data congestion in urban area wireless networks and connecting remote communities in rural areas are major challenges for communication service providers. Altobridge has developed the technology and is marketing products that address these issues in a cost-effective way."
Mike…
