Spectrum saving startup targets private wireless
Spectrum is the resource carriers spend billions to acquire and billions more to deploy, so clearly there is value in using it efficiently. Tech startup GenXComm recently raised a $20 million with the goal of hiring new talent to develop its private wireless business. Investors including Intel Capital, BMWi Ventures and Motive Communications are backing the company as it markets its solutions to carriers, with a particular focus on helping them deploy private networks. “We are able to do backhaul and access in the same frequency”, explained GenXComm co-founder and CTO Hardik Jain.