With venture capitalists shying away from capital-intensive industries, SpiderCloud Wireless’ $35 million venture capital raise speaks volumes about the confidence being placed in the six-year-old in-building wireless manufacturer, according to the Wall Street Journal. Venture capital invested in wireless companies has fallen from $767 million in 2007 to $268 last year, according to Dow Jones VentureSource.
The company last raised money in 2010, which totaled $25 million in Series B funding. The startup has now raised more than $100 million.
SpiderCloud’s small-cell system consists of ceiling-mountable 3G base stations that connect to an on-premise SpiderCloud Services Node, which securely connects to the wireless operator’s core network.
SpiderCloud announced the development of SmartCloud in September 2011, as well as the results of a pre-launch installation that covered a 100,000 foot office building with a single cluster controller and 18 Ethernet-linked small cells. All mobile voice and data traffic from 600 users was routed via the small cells to the live commercial core network.
In that high-density deployment, the SmartCloud Cluster technology handled a daily average of 3,000 calls and 50,000 data sessions, as well as soft handoffs. Individual users were able to downlink data at 5 Mbps to 10 Mbps and uplink at 2 Mbps.