Wireless network provider WiChorus may end funding at $18M
WiChorus, a provider of wireless network hardware and software, may be calling it quits on VC backing following an $18 million third-round of funding, reports VentureWire. Raised to cushion the downturn, the new financing exceeded the round’s goals, and will be used to grow the business before it files for an IPO when the market brightens.
The young San Jose, Calif. company gives wireless carriers the ability to track their users’ exact locations and control network… Continue Reading
Smarter phone networks coming — WiChorus will know your location
WiChorus, a San Jose, Calif. maker of a device giving telecom providers better control of personal data on coming high-powered WiMax networks, has received $15 million in a second round of financing .
The company has been secretive until now, and hasn’t launched yet, but its plans are notable: Its hardware, called an “access services network gateway,” lets a telecom provider track a user’s location, among other things. This way, publishers or other services transporting data… Continue Reading