Ubiquisys has raised $5 million (£3.2 million) from three Taiwanese companies.
Telecommunications company Ubiquisys has raised $5 million (£3.2 million) from three Taiwanese companies and existing investors.
The new investors SerComm Corporation, UMC Capital Corporation and Pacific Venture Partners invested alongside three of the company’s exiting investors, Advent Venture Partners, Accel Partners and Atlas Venture.
Ubiquisys produces 3G femtocells that are devices used to boost mobile phone coverage in areas of poor connectivity. The latest investment was sought to fund the company’s global expansion, particularly into the Americas. The Wiltshire-based company has partnerships with network operators including Motorola and Sony.
Chris Gilbert, CEO of Ubiquisys, says: ‘Asia plays a leading role in the femtocell industry today, both in terms of product diversity and business model innovation. Our work with SoftBank and SerComm has broken new ground and we are delighted to be adding strategic investors who bring extra know-how to help Ubiquisys build on our strong international momentum.’