June 13, 2005 – SOMA Networks, a leading provider of mobile WiMAX technology, secured $50 million in funding. The funding round of $35 million was led by financial investors Temasek Holdings and Morgan Stanley Venture Partners. It also included NeoCarta Ventures and Endeavour Investments. The funding round complements $15 million of strategic financing SOMA Networks closed in late 2004. SOMA Networks provides converged all-IP Multimedia Applications Platform, including base stations and non-line-of-sight subscriber gateways.
<< return to overview
|