WiChorus received their Series C Funding of $18 Million, which brings the total investment in the Company to $43 million.
It is a reassuring step for WiMAX?
RedHerring report hints the opposite:
““Nobody can say for certain how bad or how long the downturn will be, but that is part of the reason why we sought a cushion just in case the economy impacts the [carrier] rollouts [of WiMAX],” said Renan Jalil, CEO of WiChorus.”
The report also keeps mentioning WiMAX, when WiChorus website is trying to rebrand themselves out of the WiMAX business, and into the 4G and LTE market as well.