Stoke, the fixed-wireless convergence company, raises $15M more

April 20, 2009 | Matt Marshall
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Stoke, the company that wants to let you use your mobile phone or other device on your wireless carrier while on the go, but let you switch to your broadband connection at home, has raised $15 million more in a fourth round of financing.

The company recently partnered with WiFi Internet access provider Trustive, which has roaming agreements with more than 70 hotspot operators in more than 65 countries. The partnership will seek to enable a seamless mobile broadband data experience. Stoke seeks to serve carriers across their network offerings, as they build out new infrastructures like LTE and Femtocell.

The latest sum brings the company’s total funding to date to more than $65 million. The latest investment will be used to support the rapidly increasing installed base and commercial carrier trials with top-tier carriers. Stoke has now been shipping its Stoke Session Exchange 3000 for commercial deployments since January, 2008

The financing includes investment by Net One Systems, Japan’s leading networking and systems integration provider. Also included in this round are existing investors Reliance Technology Ventures Limited (RTVL), the corporate venture capital arm of the Reliance ADA Group, DAG Ventures, Integral Capital Partners, Pilot House Ventures, Sequoia Capital, and Kleiner Perkins Caufield & Byers.

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About the Author,

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

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