Kineto Wireless raises $15.5 Million in funding
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California: Kineto Wireless, a supplier of FMC (fixed mobile convergence) solutions for mobile operators, announced that it has raised an additional $15.5 million in funding, including a strategic investment from Motorola as part of a broader commercial relationship with the company's Home & Networks Mobility business. Kineto's existing investors Oak Investment Partners, Sutter Hill Ventures, Venrock, Seapoint Ventures and InterDigital also participated in the funding. Kineto's FMC solutions enable mobile operators to extend voice, data and IMS services over broadband access networks, thus harnessing the power of the Internet to lower service delivery costs while improving mobile coverage and performance. "Continued strong growth in UMA-based dual-mode handset and terminal adaptor deployments combined with tremendous operator interest in femtocells, is highlighting the FMC imperative for mobile operators globally," said Rick Gilbert, president and CEO of Kineto Wireless. Motorola's Alan Lefkof, corporate vice president and general manager, Broadband Solutions Group, said, "Motorola has been a key contributor along with Kineto and other industry players in developing the technology standard for femtocells, and we look forward to building on the work we have begun with Kineto in order to implement this technology and enable operators to economically deploy femtocell solutions."

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