Femtocell manufacturer Ubiquisys raises further $11m, acquires new CFO

“I suspect the femtocell has missed its chance,” wrote Charles Arthur in the Guardian recently. Not so fast. It seems the existing shareholders of femtocell manufacturer Ubiquisys beg to differ, because they’ve just pumped a further $11m into the company. The money will fund a range of consumer and enterprise products, to be deployed globally over the coming year. Ubiquisys’ investors include Accel, Atlas Venture, Google and the T-Mobile Venture Fund.

In 2009, the World Economic Forum recognised Ubiquisys as a “technology pioneer”. The company’s femtocells are manufactured using Sony technology and are available as standalone units or as part of a residential gateway.

“The femtocell industry is about to enter a phase of aggressive growth,” according to Ubiquisys CEO Chris Gilbert. “We have already seen the first major operator launches and the autumn will see a number of others unveiling their future plans.”

At the same time as announcing their new funding, Ubiquisys also announced that Alison Sparshatt will be joining as CFO.