SpiderCloud Wireless

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SpiderCloud Wireless^[1] was founded in November 2006 as Evoke Networks by Peter Wexler, Allan Baw, and Mark Gallagher in downtown Palo Alto. The trio incubated the company as Copivia Inc. and hired Mike Gallagher as CEO in October 2007. The company closed Series-A funding in January 2008 and soon after changed the company name to SpiderCloud Wireless. The company is now headquartered in Milpitas, California. The company is backed by investors Charles River Ventures, Matrix Partners, Opus Capital and Shasta Ventures. It has raised around $125 million in venture capital and is generating revenue from customers such as Vodafone UK, Vodafone Netherlands, Verizon Wireless, Warid Telecom and more. The company helps mobile operators improve service quality for enterprise customers.^[2]

SpiderCloud Wireless develops scalable and multi-access Small Cell network platforms^[3] that allow mobile operators to deliver cellular and Wi-Fi coverage, capacity and smart applications to enterprises and venues of any size. The E-RAN system is made up of one rack unit sized Services Node that manages multiple single-carrier or dual-carrier Radio Nodes operating in 3G, LTE and unlicensed spectrum.^[4]

SpiderCloud was acquired by Corning Inc. on July 19, 2017.^[5] According to RCR Wireless, the price is between $200M to $250M.

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