BelAir Networks, a start-up based in Kanata, Ontario, raised $21.4 million in venture funding for its mobile wireless broadband mesh network solutions.
BelAir said it has landed top-tier customers in each of its target markets -- municipal, cable, and cellular. The company recently won competitive bids for citywide wireless networks in Minneapolis, City of London, UK and Toronto, Canada.
BelAir Networks' product portfolio supports Wi-Fi, 4.9 GHz Public Safety, and WiMAX mesh. The portfolio includes its flagship four-radio BelAir200 Wireless Multi-service Switch Router, the dual-radio BelAir100 Multi-service Node, the BelAir100C Multi-service Node featuring point-to-multipoint backhaul, the BelAir100S, the single-radio BelAir50C and BelAir50S, and the six-radio BelAir300 Converged Multi-service Wireless Node, all seamlessly managed by the BelAir BelView Network Management System.
The funding round was led by Ventures West Management Inc. Trilogy Equity Partners, co-founded by former T-Mobile USA and Western Wireless Chief Executive John Stanton, also participated in the round. Existing investors Comcast Interactive Capital, T-Mobile Venture Fund, Panorama Capital (formerly JPMorgan Partners), VenGrowth Capital Partners Inc., BDC Venture Capital, and MMV Financial also participated. In addition to the equity financing, MMV Financial also provided a $5 million venture loan.
The Series D financing brings the total investment in BelAir Networks to US $65.4 million.
http://www.belairnetworks.com
- In June 2006, Fujitsu Network Communications announced plans to offer a metro wireless mesh solution for North American telecom carriers, cable/MSO operators, utilities and municipalities, based on BelAir Networks' platform.
