Wi-Fi technology startup Benu Networks said Comcast Corp. (Nasdaq: CMCSA) is among the investors that participated in its second round of financing, which raised $26.6 million.
The Billerica, Mass.-based firm said it provides solutions for fixed and mobile operators which can help providers augment their networks with Wi-Fi and small-cell technology.
"Benu's disruptive approach for large-scale device management, session control and IP service intelligence solves a big networking problem for Wi-Fi and HetNet deployments and influenced our decision to invest in the company," Sutter Hill Ventures Managing Director Stefan Dyckerhoff, whose firm led the financing round, said in a prepared statement.
Comcast has increased its investments in Wi-Fi technology in the last year. It recently announced that it would deploy new Cisco (Nasdaq: CSCO) wireless gateways in subscriber homes which contain a second antenna that will power neighborhood hotspots across its cable footprint. It also recently filed a patent application which detailed how it may be able to use mobile Wi-Fi transceivers to expand its reach.
Comcast made the Benu investment through its Comcast Ventures subsidiary.
- see the release
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