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CellGlide receives $10 million

CellGlide announced Monday that it raised $10 million in its most recent funding round. TLcom Capital Partners led the round and gained a seat on the Israel-based company's board of directors. CellGlide makes equipment that wireless carriers use in networks that run on GPRS (General Packet Radio Service) technology. The company had previously raised money from Magnum Communications Fund, a venture capital fund that includes investments from companies such as Deutsche Telekom, KPN and Sonera, which is also an independent shareholder in CellGlide.

CellGlide announced Monday that it raised $10 million in its most recent funding round. TLcom Capital Partners led the round and gained a seat on the Israel-based company's board of directors. CellGlide makes equipment that wireless carriers use in networks that run on GPRS (General Packet Radio Service) technology.

The company had previously raised money from Magnum Communications Fund, a venture capital fund that includes investments from companies such as Deutsche Telekom, KPN and Sonera, which is also an independent shareholder in CellGlide.