SBA Communications joined a group of existing investors, which includes American Tower, in funding CBRS pioneer Federated Wireless. The $51 million in Series C funding will enable the company to further accelerate availability and adoption of shared spectrum CBRS services by wireless carriers, cable companies, utilities and enterprises seeking to augment existing and 5G wireless services and private LTE.
Other existing investors include Allied Minds, GIC (Singapore’s sovereign wealth fund), in addition to new investor Pennant Investors.
“We are extremely pleased with the way Federated Wireless’ momentum in the CBRS industry has accelerated since our initial investment and are proud to have been able to contribute to it in a material way,” said Joe Pignato, co-CEO of Allied Minds. “The contributions that Federated Wireless has made in bringing CBRS to this point are significant and demonstrate its leadership in the space.”
Federated’s Spectrum Access System (SAS) Cloud protects the existing Navy radar users from interference, which allows dynamic and secure access to the 3.5 GHz band by commercial users. SAS, which is also provided by Google and CommScope, is the bedrock of the CBRS.