Israeli startup Siklu Wireless Communications has raised a series B round of $19 million led by new investors Amiti Ventures, Qualcomm Ventures and joined by all existing investors: DFJ- Tamir Fishman Ventures, Evergreen Venture Partners and Argonaut Private Equity. Another strategic investor (CVC) joined the round but remained undisclosed. Siklu Wireless Communications has previously raised $12 million in 2008, bringing the funding to date to $31 million.
As a scalable and flexible carrier-grade millimeter wave Gigabit Ethernet radio solutions, Siklu’s flagship product is EtherHaul is a carrier-class, high-capacity E-band radio that dramatically lowers the cost of wireless and Ethernet backhaul. Siklu claims to reduce the cost of high capacity wireless backhaul by 20% through an innovative silicon-based design of the millimeter wave radio system and components.
In the official announcement, the new investors explained their fascination with Siklu. Nagraj Kashyap, VP of Qualcomm Ventures, said:
“Backhaul has become an important consideration for operators as they continue to expand their high-speed 3G networks and plan their 4G strategies. Siklu has taken a creative approach to this challenge with its miniature picocell architecture, giving operators a cost-effective means to bolster their backhaul capacity. We’re looking forward to working with Siklu.”
Anil Khatod, Managing Director of Argonaut Private Equity adds:
“Data explosion, driven by growth of smart phones and tablets, necessitates need for cost-effective and reliable carriage of data. Siklu’s innovative design provides a simple and reliable solution while dramatically reducing cost”
Founded in 2007 by Izik Kirshenbaum (chairman and president) Siklu has approximately 30 employees and is based in Petach Tikva, Israel.
He is a former General Partner at Google Ventures (GV) in Europe, former head of Google for Entrepreneurs in Europe, and founding head of Campus London, Google's first startup hub. Eze writes on Israeli tech, venture capital, artificial intelligence, and founder strategy.
He is also the founder of Techbikers, a nonprofit that brings together the startup ecosystem on cycling challenges in support of Room to Read.
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