Monday, May 6, 2013

FastBack Networks Raises $15M For Small Cell Backhaul

San Jose-based FastBack Networks, a startup developing small cell network backhaul services technology, said today that it has raised $15M in a Series B funding. The funding was led by Matrix Partners, and also included Juniper Networks through its Junos Innovation Fund, Foundation Capital, and Granite Ventures. FastBack network said that Stan Reiss of Matrix has joined the company's board. The firm has now raised $26M in funding, including a stealth Series A back in 2011. The new funding goes toward customer service, working capital, and product development. More information »