April 17, 2008
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Israeli wireless backhaul start-up company, Siklu, receives a first round investment of $12M
Wireless backhaul startup Siklu (Petah Tikva, Israel) has raised $12 million in its first round of funding led by DFJ-Tamir Fishman Ventures, the exclusive Israeli partner of the American-Global venture capital- Draper Fisher Jurvetson (DFJ) together with the Israeli venture capital Evergreen Venture Partners and the American-based Argonaut Ventures.
Paving the way for the mobile wireless backhaul revolution, Siklu Wireless Communications delivers carrier-grade milimetric-wave Ethernet radio solutions scalable to Gigabit capacities with paradigm-shifting price performance. Offering the industry’s lowest total cost of ownership (TCO) , and incorporating on-board networking capabilities, EtherHaul™ solutions from Siklu are ideally suited for the both mobile backhaul and carrier Ethernet business services.
Eldad Tamir, General Partner at DFJ-Tamir Fishman Ventures, stated: "Siklu represents for us the winning combination of the Israeli high tech industry - a top tier group of founders and a unique, breakthrough technology, aimed at one of the largest and fast growing global markets".
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