MILPITAS, Calif.-Aperto Networks, which provides WiMAX equipment, said it raised $17 million in the first tranche of series E financing.
The funding was led by Canaan Partners and included participation from existing investors including JK&B Capital, Alliance Ventures, Innovacom, Tyco Ventures, Labrador Ventures and Satwik Ventures.
Funds will be used to expand the company’s global market presence and to broaden its WiMAX solutions portfolio.
The company said it has raised a total of $94 million.
