BridgeWave Communications Completes Series C Financing Round With Leading Investor Team, Bringing Total Funding To Over $40 Million.Business Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 3, 2000 BridgeWave Communications, Inc., an innovator in wireless access technologies that extend the reach of broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. , today announced that it has received $26.5 million in a Series C financing round. Jerusalem Venture Partners (JVP JVP Janatha Vimukthi Peramuna (People's Liberation Front, Sri Lanka) JVP Jewish Voice for Peace JVP Jugular Venous Pressure JVP Junge Volkspartei (Young Austrian People's Party) JVP Junior Vice President ), a global leader in funding communications and Internet start-ups, led the current round of financing, which also included eight other principal investors: Ampal, BreezeCOM Ltd, DRW DRW Drawing(s) DRW Dual Rear Wheels (pickup truck) DRW Detroit Red Wings DRW Darwin, Northern Territory, Australia (Airport Code) DRW Dr Who Venture Partners LP, investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company affiliated with Merrill Lynch & Co., MKS (Mortice Kern Systems Inc., Waterloo, Ontario, www.mks.com) A software company that specializes in programming tools and utilities for a variety of platforms. For example, its RCS system for Windows, OS/2 and Unix is a version control software package. Ventures LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Oak Investment Partners, Seapoint Ventures, and Scientific-Atlanta. JVP, Ampal, MKS Ventures LLC, Oak Investment Partners, and Seapoint Ventures have all participated in previous funding rounds. The completion of this funding brings the total amount raised by the company to $40.5 million. "BridgeWave has assembled an impressive management and technical team, with a track record of innovating in highly interdisciplinary fields," said Erel Margalit, managing partner of JVP. "BridgeWave's technology disrupts the current cost models for deploying high-capacity millimeter-wave wireless solutions, allowing them to be deployed pervasively throughout metropolitan areas." "We appreciate the continued support of our existing investors, in particular JVP's demonstrated commitment, and welcome the new players to the team," said Amir Makleff, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BridgeWave Communications. "We are fortunate to have this first-tier group of investors, who contribute to the company's success well beyond just financial support." BridgeWave Communications will use this funding to support its expanding R&D programs, build new facilities, expand its manufacturing infrastructure, and develop its marketing and sales organization to support the growing needs of its customers and alliances. About BridgeWave Communications BridgeWave Communications, Inc., develops and markets wireless access technologies that extend the reach of broadband networks, allowing service providers to reach untapped subscribers with high-bandwidth services. BridgeWave is a Silicon Valley-based corporation established in December 1998 by veteran technology executives of high-performance wireless internetworking system companies. For more information on BridgeWave, please visit www.bridgewave.com. |
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