Stoke delivers gateway solutions that enable mobile operators to manage traffic growth and increase the efficiency, reliability, and scope of mobile data services. The company is led by President and CEO Vikash Varma and is based in Santa Clara, CA. Stoke received a US$5M strategic investment from Samsung Venture Investment Corporation to support its growth in the worldwide LTE market. The article identifies the investment as strategic but does not specify instrument details beyond that. Stoke is backed by venture capital firms and carriers including Kleiner Perkins Caufield & Byers, Sequoia Capital, Focus Ventures, and NTT Docomo. No revenue, user metrics, or prior round financial amounts are disclosed in the article. Stoke, founded in 2004 and headquartered in Santa Clara, California, designs and manufactures systems and hardware for mobile communications infrastructure. Its products support 3G, 4G and Wi‑Fi carrier networks and are designed to improve speeds and make networks more secure. The company’s hardware targets bandwidth efficiency as carriers face rapid growth in connected mobile devices and mobile data traffic. Keating Capital noted industry demand for 4G/LTE and Wi‑Fi over the next 5–10 years and said Stoke is well positioned to take advantage of that growth. Financially, the most recent transaction was a $3.5 million secondary purchase of common shares by Keating Capital from certain Stoke employees; Stoke did not issue new securities or receive new capital. Keating was the sole investor in the transaction and joins existing preferred-stock holders Kleiner Perkins Caufield & Byers, Sequoia Capital and Docomo Capital as investors in Stoke. Stoke builds mobile broadband infrastructure solutions that provide 3G and LTE capabilities and help network operators transition to 4G. Its products are designed to reduce information overload on carrier networks by improving scalability, flexibility, and cost. The company cites strong demand driven by rapid smartphone adoption and forecasts of massive growth in connected devices. Stoke closed 2010 with revenues four times those of 2009 and was expecting triple‑digit growth in the following year. It plans to use the new funding to double its size in 2011. Total funding to date is $92 million. Stoke builds hardware that provides mobile carriers the technology to let phones access different wireless networks including 3G, GSM, CDMA, Wi‑Fi and WiMax. Its systems converge wireless coverage and let phones seamlessly detect different networks and automatically switch based on location and availability. The product targets carriers facing massive increases in mobile data traffic from applications, video, and music. Stoke says the new funds will be used to support continuing partnerships with mobile carriers. Financially, the company has raised $15M in a Series D, bringing total funding to $65M. Prior rounds include a $20M Series C in 2007, a $19.8M Series B in 2005, and a $10M Series A.

Total raised

$41M

Funding rounds

4

Latest round

Equity

Latest activity

Jul 2012