Magnolia Broadband is a US-based startup founded in 2000, operating in the manufacturing and semiconductor industries. The company has developed and patented a software solution for "Mobile Transmit Diversity with beam-forming," delivering significant benefits to Mobile Network Operators and Mobile End Users. Extensive testing has demonstrated the necessity of this technology in mobile devices, leading major tier 1 Mobile Network Operators to make it mandatory in their global device requirements documents. The technology, easily integrated into mobile devices, improves performance without requiring changes to operators' network infrastructure. Moreover, it will become a 3GPP standard in 2012 and has been in the GSMA guidelines since June 2011. Magnolia Broadband is actively partnering with OEMs and chipset companies to license its software. The last recorded investment for Magnolia Broadband was a significant $3.00M Venture Round investment on 08 July 2013, with participation from Gotham Ventures, Western Technology Investment, SCP Private Equity Partners, and Quantum Technology Partners. This unique technology and strong industry support make Magnolia Broadband an intriguing prospect for potential investors.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | $3.00M | 4 |
|
08 Jul 2013 |
| Venture Round | $3.35M | - | 07 Aug 2009 | |
| Series E | $10.00M | 6 |
|
06 Sep 2006 |
| Series D | $14.00M | 2 |
|
24 Jan 2006 |
| Venture Round | Unknown | 1 |
|
01 Jan 2006 |
No recent news or press coverage available for Magnolia Broadband.
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