With $38M In Funding, Mimosa Networks Comes Out Of Stealth To Make Wireless Broadband Affordable
Summary
Joining him is Jamie Fink, who previously served as CTO of 2Wire and SVP of technology for Pace after it acquired the home networking equipment company. The two were hoping to leverage their networking experience to build a new class of wireless broadband technology that will make it more affordable to reach consumers in underserved areas. In the past three years since being founded, Mimosa has raised a total of $38 million from New Enterprise Associates and Oak Investment Partners (where Hinman served as an investor). It’s currently undergoing private engagements and ordering with some wireless ISPs, but is looking to announce its first line of products in the coming months and making them available to more customers. To start, Mimosa sees an opportunity to supply a large number of small ISPs that are looking to provide consumer access to wireless broadband in places where there aren’t great options today.
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