PureWave Networks, an Israeli-American start up headquartered in Sillicon Valley, has managed to close a relatively large B round of $12 millionv from previous investors Eric Benhamou Benhamou Global Venturesand joined by new investors ATA Ventures and LeapFrog Ventures. To date, the 15 poeple company has raised a total of $16.4 milion including this round.
PureWave was established in 2003, to develop high performance 4G wireless station equipment to support Wimax standard devices and enable quadruple play services (Voice, Video, Data, Mobile). The company’s flagship product, PureMax™, is an easy to upgrade multi-beamforming approach that delivers significantly higher capacity and coverage than the competition. The company’s stations are in fact antenas that are designed for all outdoor installation, such as tower, pole or wall mount and require no indoor shelter.
Which raises the question you always wanted to ask: What is WiMAX?
Mobile WiMAX is a rapidly growing broadband wireless access technology based on IEEE 802.16-2004 and IEEE 802.16e-2005 air-interface standards. Learn more about the technology in this presentation.
Gideon Ben-Efraim, PureWave’s CEO and Chairman, has already worked with investor Eric Benhamou in the past. The two founded Go Networks, a company that developed Wifi and Wimax antenas, but was forced to close its gates last month by parent company Nextwave. 70 employees in Israel were let go.
In the company’s announcement, Gideon attributed the large round to ”PureWave’s strong balance sheet in this challenging economic environment, together with our leading edge product offering”.