BLiNQ Networks is headquartered in Plano, TX and has a research and development facilities in Ottawa, Canada. The company spawn off of intellectual property and wireless assets from Nortel and offers wireless backhaul solutions.
Blinq Networks announced today that it has successfully raised $15.1 million in Series B funding led by the Win Fund, new investor Kensington Global Private Equity Fund, BDC Capital, New Venture Partners and Summerhill Venture Partners also participated in the round. Blinq Networks has now received total financing over $32.5 million (USD). The money raised will be used to continue product innovation, scale operations and accelerate global sales growth.
“We have partnered with several large operators at various stages of qualification trials and the feedback has been very positive on the automated adaptive capability and performance of BLiNQ’s solution as well as the low total cost of ownership,” said Mickey Miller, Co-founder and CEO at BLiNQ Networks. “This funding will help continue to support these efforts and enable us to scale our sales and support efforts worldwide.”