Plano-based small cell tech company BaiCells Technologies has received $85 million in Series C funding from two Chinese investors, bringing the startup’s total funding to $99.6 million, Crunchbase reported.
Earlier this year, a reported $14.6 million investment from Qualcomm Ventures LLC was used to further the development of 5G technologies.
Investors in the Series C round are China Internet Investment Fund and Greenland Group, both based in China.
Baicells Technologies, a provider of disruptive global LTE/5G solutions, moved its headquarters to Plano in 2018 because the U.S. proved to be one of the fastest growing markets and most of its technology partners are in the United States.
According to RCRWireless News, Baicells was started by a former Huawei fellow 2014. It is privately held.
It gained significant traction with the wireless carrier China Mobile, the largest service provider (by subscribers) in the world, RCRWireless said.
The company provides technically innovative LTE wireless broadband access solutions that support fixed wireless and mobile small cells. Baicells’ solutions can be used by mobile operators, broadband access operators, governments, cable operators, mobile virtual operators, and enterprise private networks.
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