Small-cell developer Ubiquisys raises $19m in funding round

Ubiquisys, a developer of 3G and LTE intelligent small cells, has raised $19m (£12.1m) in an oversubscribed funding round.

New investors Mobile Internet Capital and Nissay Capital join existing investors in the round.

Ubiquisys said it will use the capital to generate further profitable growth, accelerate delivery of its tri-mode 3G/LTE/WiFi small-cell hotspots, and build on its position in the residential and enterprise femtocell market.