The Hindu Business Line : Telsima receives 4th round funding

Chennai April 19 Telsima Corporation, a US-based WiMAX-based broadband wireless access company with research and development centres in India, has got $50 million (around Rs 225 crore) investment in a fourth round funding. It plans to use around 80 per cent of the amount to ramp up operations in India, according to a company official.

The funding includes commitments from the initial investor syndicate: NewPath Ventures, New Enterprise Associates, CMEA Ventures, JAFCO Asia and other strategic investors, Dr Alok Sharma, CEO, Telsima, told Business Line.

Customer Base

The start-up company, incorporated in 2003 and run by Indians based in US Silicon Valley, has so far raised $81 million (around Rs 365 crore).

With around 200 employees, Telsima develops and markets base station and subscriber station systems and network management software for the WiMAX (which enables delivery of last mile wireless broadband access) telecommunications market. It is expanding its customer base with commercial deployments in India, Central and Eastern Europe, and the funding would be used to scale up R&D, manufacturing, sales, marketing and support infrastructure, he said.

In R&D, it would speed up the development of "e" platform, and strengthen hardware and software development capabilities and testing and integration. R&D will be scaled up across all three locations (Santa Clara in US, Ljubljana in Slovenia and Bangalore in India).

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