Participated · Series C · Sep 2019

Federated Wireless develops shared-spectrum CBRS technology and operates a Spectrum Access System (SAS) that enables private 5G, enterprise wireless, and edge solutions. The company positions private wireless as a transformative enterprise technology and supports use cases across IoT, AR/VR, telemedicine, drones, and industrial automation. Federated says it is concentrating recent funding on speeding time to market for new product capabilities and on ecosystem development with device and edge partners. It reports more than 350 customers and over 85,000 connected devices across the United States and territories. The partner ecosystem includes more than 40 device manufacturers and edge partners. Founded in 2012 and based in Arlington, Va., the company is focused on commercializing shared spectrum for enterprises and service providers. Federated Wireless is a nationwide leader in shared spectrum and CBRS technology, providing a platform that enables commercial and private wireless deployments. Its platform aims to combine the attributes of traditional wireless and Wi‑Fi, offering lower fixed costs, higher quality, and greater efficiency and scale. The company reports more than 350 customers and over 85,000 connected devices across the U.S. and territories, serving sectors including defense, government, manufacturing, telecommunications, utilities, real estate, and education. Noteworthy customers include Charter, Comcast, Verizon, the US Department of Defense, and Carnegie Mellon University. Federated plans to use the Series D proceeds to scale its platform and support further investments in capabilities and partnerships. The company also announced several senior leadership and board appointments to support growth, including Dr. Shaygan Kheradpir on the Board, Chris Swan as Chief Commercial Officer, and Loren Buck as Chief Financial Officer. Federated Wireless is a private-network pioneer that delivers shared-spectrum and private wireless solutions, including a Spectrum Controller and Connectivity-as-a-Service (CaaS). Its CaaS offering lets enterprises order connectivity from AWS or Azure with Federated Wireless delivering and managing the network, providing cloud scalability, granular policy control, and visibility into performance and usage. The company aims to deliver 4G/5G performance at enterprise Wi-Fi costs and builds on experience managing 150 MHz of CBRS shared spectrum. Federated Wireless plans to expand into the 6 GHz band to create a path to 1,000 MHz of shared spectrum, enabling Wi-Fi 6 and 5G data transfers up to 10 Gbps. Its partner ecosystem includes more than 40 device manufacturers and edge partners, and customers span telecommunications, energy, hospitality, education, retail, office space, municipal and residential verticals with use cases from network densification to Industrial IoT. The company was founded in 2012 and is based in Arlington, Va. Federated Wireless develops shared-spectrum CBRS infrastructure and services, including an operational nationwide Environmental Sensing Capability (ESC) network and a Spectrum Controller (Spectrum Access System). The company targets wireless carriers, cable companies, utilities and enterprises seeking to augment 5G and private LTE and to enable use cases such as network densification, mobile offload and industrial IoT. Federated reports a customer base of more than 25 companies across telecommunications, energy, hospitality, education, retail, office space, municipal and residential verticals, and a partner ecosystem of over 40 device manufacturers and edge partners. The company says it has completed major deployment milestones and is ready to engage commercial services. The recent financing is intended to accelerate availability and adoption of shared-spectrum CBRS services and support continued industry leadership and delivery. Founded in 2012 and headquartered in Arlington, Va., Federated emphasizes collaboration with partners and customers to scale CBRS deployment. Federated Wireless sells the Spectrum Controller, an end-to-end cloud service that enables access, management and optimization of the FCC-approved Citizens Broadband Radio Service (CBRS) 3.5GHz band. The product includes a Spectrum Access System (SAS), a nationwide Environmental Sensing Capability (ESC) network, spectrum management tools, and an API-centric open partner ecosystem. The Controller is designed to make LTE-ready spectrum immediately accessible to mobile operators, cable operators, enterprises and other providers, improving spectrum efficiency and lowering costs for wireless services. The company has brought the Spectrum Controller to market after more than five years of development and nine months of industry testing, and it already holds conditional FCC certification with full certification anticipated in January 2018. Federated plans to continue working with the FCC, Department of Defense, the Wireless Innovation Forum and the CBRS Alliance to expand use cases and the technology ecosystem. Financially, the company closed a $42M Series B round backed by strategic wireless-industry investors, enabling it to commercialize and scale deployments. The company is headquartered in Arlington, Virginia.

Participated · Equity · Jan 2010

ExteNet Systems designs, builds and operates fiber network infrastructure that is widely implemented by wireless service providers. Its networks enable providers to expand coverage into hard-to-reach spots. The company is Chicago-based and focuses on deploying infrastructure to support wireless coverage expansion. ExteNet has raised funding from strategic and venture investors to support its build-out activities. Its new financing will support further development of infrastructure for wireless service providers. The company’s total funding now exceeds $150 million.