Federated Wireless Gains $13.7M in Funding for 6 GHz Focus
Tuesday, April 21, 2020 | Comments

Federated Wireless secured $13.7 million in additional Series C funding from existing investors Allied Minds and Pennant Investors. The funding will accelerate expansion and adoption of the company’s partnership with Amazon Web Services and Microsoft Azure to offer connectivity-as-a-service, announced in February.

The company said it will also “provide a new path to 1,000 megahertz of spectrum for private wireless networks by expansion into the 6 GHz band for 5G services.”

“Over the last three decades, control and management of scarce spectrum assets have been the driver of hundreds of billions of dollars in market capitalization for wireless carriers in the U.S.,” said Tim McDonald of Pennant Investors. “Federated Wireless is the clear market leader in delivering spectrum as-a-service, turning what had previously been a high fixed cost asset — spectrum licenses — into a variable, price-per-connection service. This is a game changer in wireless, enabling not only wireless carriers and cable companies but also cloud service providers such as AWS and Microsoft, to offer valuable connectivity services over shared spectrum resources.”

Federated Wireless said its CaaS offering will take advantage of both Wi-Fi 6 and 5G in the 6 GHz band to enable data transfers of up to 10 Gigabits per second (Gbps). The FCC is expected to finalize the rules for 6 GHz shared operation later this month, with a number of countries in the European Union and in Asia expected to follow suit by 2022.

“The rapid adoption and general enthusiasm that we have seen since FCC approval for commercial deployment of CBRS is even greater than we anticipated, and is driving both Federated Wireless and the wireless industry as a whole to new heights,” said Iyad Tarazi, president and CEO of Federated Wireless. “Our newest developments, CaaS and extending the Spectrum Controller to 6 GHz, have greatly expanded our footprint and our opportunities, and I would like to thank our investors for continuing to support us as we continue to grow.”

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