CCS closes latest funding round with key investors, speeding next-generation access and backhaul product development and market growth
Cambridge, UK, February 25 2019 – Cambridge Communication Systems (CCS) Limited today announces that it has closed its latest investment round, with participation from a number of key investors. The strategic funding round includes support from existing investors Cambridge Angels, ADTRAN and Etagra Group, plus a new partnership with UK’s leading deep-tech venture capital fund IQ Capital, and will accelerate CCS’s development of its next-generation access and backhaul solution suite.
CCS Executive Chairman Martin Harriman added: “We are delighted to welcome existing investors to the next phase of our commercial story, and to be formalising new stakeholder relationships. This major strategic investment will speed delivery of our next-generation product roadmap, and enable us to accelerate our ambitious market growth plans across key territories and target application areas, including gigabit FWA.”
This latest investment helps advance further development of CCS’s proven and innovative wireless access and backhaul portfolio. CCS’s Metnet 1200 mmWave solution in the licensed 24/26/28GHz bands – along with its next-generation Metnet 60G product in the unlicensed 60GHz mmWave bands – are being assessed and deployed in customer networks around the world.
Max Bautin, Managing Partner at IQ Capital commented: “CCS is an exciting addition to our investment portfolio, having demonstrated the strategic value of its software defined network tech through its world-leading commercial deployments. CCS offers a unique solution for mobile operators and service providers, and is strategically well-placed to deliver the FWA access and backhaul connectivity that will drive the next generation of network densification and enable ubiquitous 5G services for mobile users globally.”
CCS (Cambridge Communication Systems) is the creator of Metnet – the world’s first self-organising mmWave mesh for Gigabit backhaul and access applications. From dense urban cities to rural communities, Metnet can be deployed for 4G LTE and 5G small cell backhaul, Enterprise and Residential Fixed Wireless Access (FWA), Smart City, Wi-Fi and CCTV backhaul.
In major live deployments, Metnet is powering networks to mmWave 5G performance – intuitively, scalably, flexibly and cost-effectively. Delivering high capacity, ultra-low latency and ultra-fast deployment, Metnet is optimised for performance edge and multigigabit capacity.
Metnet’s proven capability is trusted at the heart of some of the world’s most demanding and data-heavy networks, including a pre-5G network for Telefonica O2 in London, at the heart of the world’s largest financial centre.
With a unique self-organising mesh solution for enabling 5G – and beyond – CCS’s innovation and vision is delivering connectivity around the world.
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For further information please contact:
EvokedSet PR for CCS
+44 7747 017654
About IQ Capital:
IQ Capital is UK’s leading deep-tech venture capital firm that invests in start-ups creating hard-to-replicate and highly differentiated products, addressing massive global market opportunities. We typically invest at seed and series A stage, with significant capital reserved to scale companies through their growth stages. Initial investments range from £300k to £5m, with capacity for follow on investment up to £10m.
The IQ Capital team has achieved over 20 exits to date, to companies including Oracle, Google, Apple, Huawei and Facebook and several IPOs. IQ Capital has led 28 investments over the last three years and will continue to actively invest from our new £125 million fund launched in 2018.
IQ Capital won Seed Fund of the Year at the GP Bullhound Investor Allstars 2018.
For more information, please visit www.iqcapital.vc