Verizon, Cisco Invest in Wireless Networking Startup Kumu
Kumu Networks, a four-year-old startup that is working to improve how mobile carriers can use their wireless spectrum, is getting $25 million in funding from some of those same telecommunications vendors. Verizon and Deutsche Telekom were among the companies contributing to the latest round of investments, which brings total money raised by Kumu since its founding in 2012 to more than $45 million. Also included in the latest round of investments is Cisco Systems. Telcos and service providers are struggling to grow the capacity of their networks fast enough to…
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