WiChorus secures $18 Million in series C funding
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San Jose: WiChorus, a provider of the scalable platforms for Smart 4G Networks, has secured $18 million in series C funding, bringing the total equity investment in the company to $43 million. Pinnacle Ventures led the oversubscribed up-round, which included existing investors Redpoint Ventures, Mayfield Fund and Accel Partners. The new funding will provide working capital to grow all aspects of the company's business. Ken Pelowski, Founder and Managing Director of Pinnacle Ventures, will join the board as an observer. "We are delighted to have Pinnacle join the company and having the continued support of Redpoint, Mayfield and Accel," said Rehan Jalil, President and CEO of WiChorus. "We are committed to being a leader in the Smart 4G Edge and Core market." Ken Pelowski, Founder and Managing Partner of Pinnacle Ventures, said "Only top companies with solid execution, in a promising market segment, are attracting investment in this environment. WiChorus is positioned to capitalize on the growing demand for mobile broadband communications."

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