MILPITAS, Calif.—Aperto Networks says it raised $26 million in its latest round of financing, bringing the base-station maker’s total funding to date to $120 million. The company says it plans to use the funds to roll out its fixed WiMAX product and for mobile WiMAX gear.
Gunn Allen Venture Partners led the financing round, joined by existing investors including JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO and Labrador Ventures.
“Aperto Networks remains the best positioned WiMAX pure play,” said Mark Solovy, managing director of GunnAllen.
