M87 Announces Series A Funding
Fundraising includes participation from 21Vianet and Qualcomm
Austin, April 15, 2014—M87, a wireless network infrastructure software company, announced today that it has completed a $3 million equity round of funding for its device based software that dramatically improves the coverage and capacity of cellular networks. New investors in the equity round include 21Vianet (VNET) and Qualcomm Incorporated, through its venture capital arm, Qualcomm Ventures.
“We are pleased to welcome our new investors 21Vianet and Qualcomm. We are excited to have them involved in launching our breakthrough technology,” said David Hampton, CEO of M87.
M87’s software unlocks the tremendous latent capacity in existing mobile devices by seamlessly and securely adding them to the network infrastructure – creating a carrier-grade, device-to-device network that dramatically increases coverage and capacity without sacrificing security or billing accuracy.
“We are big believers in the way device-to-device connectivity can improve the performance of cellular networks for our customers. We look forward to deploying M87’s technology in our initial wireless service offering in Hong Kong,” said Frank Meng, President of 21Vianet, China’s leading carrier-neutral data center service provider.
“As the demand for data and seamless voice communications continues to grow, Qualcomm is continuously looking for key technology breakthroughs to help wireless networks address the impending 1000x mobile data challenge. We are delighted to be part of this early round of funding and looking forward to seeing the M87 team launch its exciting technology,” said Nagraj Kashyap, senior vice president of Qualcomm Ventures.
21Vianet Group, Inc. is the largest carrier-neutral internet data center services provider in China. 21Vianet provides hosting and related services, managed network services, cloud infrastructure services, and content delivery network services, improving the reliability, security and speed of its customers’ internet infrastructure. Customers may locate their servers and networking equipment in 21Vianet’s data centers and connect to China’s internet backbone through 21Vianet’s extensive fiber optic network. In addition, 21Vianet’s proprietary smart routing technology enables customers’ data to be delivered across the internet in a faster and more reliable manner. 21Vianet operates in 44 cities throughout China, servicing a diversified and loyal base of several thousand customers that range from Fortune 500 conglomerates, government entities, blue-chip enterprises to small- and mid-sized business enterprise.