Allied Minds invests in its subsidiary Federated Wireless' $22m series A round to help it bring its phone spectrum management system to market.
Federated Wireless, a subsidiary of commercialisation firm Allied Minds, has raised $22m in a series A round that featured its parent company and was led by investment firm Woodford Investment Management.
Founded in 2012, Federated Wireless has created Cinq, a cloud-based analytics and intelligence platform that helps wireless carriers allocate and manage resources in the 3.5GHz band, a spectrum recently introduced by US regulator Federal Communications Commission (FCC). The technology is based on research originally conducted at Virginia Tech.
The company will use the money to accelerate development and commercialisation of Cinq. In September 2015, we reported that Federated Wireless is aiming to bring its technology to market in the enar future.
In 2014, Federated Wireless raised $5m in a series A round from Allied Minds. The company has not clarified whether the latest round is an extension and no regulatory filings are available.
Iyad Tarazi, chief executive of Federated Wireless, said: “We are committed to continuing our leadership in the development of shared spectrum technology. We believe that our Spectrum Access System and broad-based Cinq platform architecture will enable carriers and enterprises to extend wireless networks seamlessly and cost effectively.”
