Mobile technology firm Ubiquisys, a manufacturer of 3G femtocells, has raised $9 million in a new round of funding, technology new website Electronics Weekly reported on Monday.
The funding round was led by the 5 Continents Consulting Group, and by new investor Yasuda Enterprise Development, in addition to current investors Advent Venture Partners, Accel Partners and Atlas Venture.
Ubiquisys plans to utilise the funds to spread the femtocell technology into the latest porducts and markets to increase data space in city and rural regions.
Many high-end OEMs and major organisations, including SoftBank in Japan and SFR in France, are already making use of Ubiquisys products, encouraging consumer demand.
“The femtocell market is ramping faster than we envisaged, and the advent of the free model, pioneered by SoftBank and enabled by Ubiquisys, will only increase that momentum," said CEO of Ubiquisys Chris Gilbert.
Ubiquisys has said that its Fento-Engine software has allowed for the production of the only femtocell with a wholesale price below $100.