Digital radio technology developer Ubidyne has secured $34 million in second round funding lead by Doughty Hanson Technology Ventures. This completes one of the largest venture capital investments in the European wireless equipment market segment in recent years. Previous investors Accel Partners and TVM Capital have participated in the funding, along with new investor BayTech Venture Capital.
Ubidyne claims to have created the world’s first digital, antenna embedded radio system for wireless communications. Ubidyne’s patent-pending technology significantly improves the operating economics of wireless networks. It reduces energy consumption, enables simple, flexible deployment and increases the coverage and capacity of mobile communications networks, according to Ubidyne.
“Our oversubscribed series B funding is a strong vote of confidence in our technology, execution and growing market traction,” commented Ken Hawk, CEO of Ubidyne. "Ubidyne’s all-digital technology brings disruptive change to a market that today relies on traditional analog technology that is expensive and inefficient”, added Hawk.
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