Stoke Nabs $15 Million For Mobile Broadband Network Technology

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Mobile broadband network developer Stoke has received $15 million in Series D funding from Reliance Technology Ventures Limited, Sequoia Capital, Kleiner Perkins Caufield & Byers, and Japanese networking company Net One Systems, bringing the telecom network startup’s total funding to $65 million. Stoke raised $20 million in Series C funding in 2007 (led by DAG Ventures), $19.8 million in Series B funding in 2005, and $10 million in Series A funding.

As people are using their mobile phones to download applications, view movies, and listen to music, mobile data carriers need to provide greater bandwidth to support mobile phone usage. Stoke’s hardware provides mobile carriers the technology to let phones access different wireless networks including 3G, GSM, CDMA, Wi-Fi and WiMax and converges wireless coverage to help carriers cope with massive increments in web traffic.

For example, Stoke’s technology lets phones seamlessly detect different networks and will automatically enable phones to switch to available networks based on location and availability. Stoke says the new funds will be used to support continuing partnerships with with mobile carriers.

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