Wireless equipment and services provider Soma Networks Inc. Friday announced a $51 million round from a syndicate of Japanese investors to boost development and deployment of products in partnerships with global telecommunications carriers.
Investors included Daiwa Securities Group Inc., SMBC Principal Investments Co. Ltd., Ridgeway Capital Partners Ltd. and India Knowledge Fund, a private equity fund of Japan-based SBI Holdings Inc., as well as select previous investors. The company did not disclose the identities of the previous investors that participated in the current Series E round, but 10-year-old Soma has raised a total of more than $251 million from investors including New York-based Allen & Co. LLC, Top Tier Investments LLC of San Francisco, Technology Gateway Partnership LP of La Jolla, Calif., Temasek Holdings (Pte.) Ltd. of Singapore, Morgan Stanley Venture Partners of New York, Skyline Ventures of Palo Alto, Calif., and NeoCarta Ventures Inc. of Menlo Park, Calif.
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