NETANYA, Israel — Cellular backhaul startup Celtro Ltd. (Tel Aviv, Israel) has raised $20 million from Kreos Capital (formerly European Venture Partners, EVP), Genesis Partners, Roh Management and Cedar.
Celtro's patented DynaMate (Dynamic Mobile Access Transmission Expander) backhaul switching products are already deployed in GSM, 3G/HSPA networks by mobile operators such as Orange and Telefonica.
"The traffic being generated by HSDPA means that operators can no longer satisfy themselves just with transport efficiency savings deep in the network. They need to support functionality across the mobile backhaul network that will generate savings and improve capacity and service delivery where the bandwidth constraints are felt most acutely. Operators will welcome Celtro's evolution of the DMT family to address this emerging multi-service market which is key to making 3G data services profitable", according to Patrick Donegan, senior analyst at Heavy Reading.
"Celtro is set to become one of Israel's most promising telecom companies," Dr. Eyal Kishon, founder and managing partner at Genesis Partners told EETimes Europe.
