SANTA CLARA, Calif., July 18, 2012 /PRNewswire/ -- Samsung Venture Investment Corporation has made a strategic investment of US$5 million in Mobile Broadband innovator Stoke, Inc. supporting their accelerated penetration of the worldwide LTE market.
"Samsung has deployed and commercialized very large LTE networks and this proven experience in LTE deployments demonstrates the company's ability to support customers worldwide in this new era of communications," said Brian Kang, Senior Director of Samsung Venture. "We are excited by the market potential of Stoke's gateways to enhance and support the performance and value of differentiated solutions in the LTE space."
Used in LTE networks to secure voice, data and video traffic Stoke's SSX Multi-Service Gateway delivers unmatched IPsec processing capability together with eNodeB link resilience and high availability required for high-capacity, high volume mobile services networks. Stoke's secure eNodeB aggregation application, Security eXchange, is the current market leader in numbers deployed in live operator networks. Focused on delivering multiple critical, concurrent functions emerging between the LTE RAN and evolved packet core, Stoke SSX helps operators keep network device count down, while securing core network services and subscriber communications.
"We are pleased to deepen our relationship with Samsung through this investment and look forward to working with them to expand our penetration of the LTE market," said Vikash Varma, President and CEO at Stoke.
About Samsung Venture
Samsung Venture America is a venture capital firm specializing in investments in startups. The firm primarily invests in the information technology sector with a focus on consumer electronics, digital media, display technology, semiconductor, and telecommunications. It invests in companies based in North America, Europe, and Asia. The firm typically invests between $2 million and $5 million per investment round, at various stages of the startup company's life cycle. Samsung Venture America is the San Jose, California office of Samsung Venture Investment Corporation.
Stoke delivers transformative gateway solutions for navigating mobile broadband's new frontiers addressing today's challenges using creative approaches that enable mobile operators to manage traffic growth and increase the efficiency, reliability, and scope of mobile data services. Stoke is backed by prominent venture capital firms and carriers including Kleiner Perkins Caufield & Byers, Sequoia Capital, Focus Ventures, and NTT Docomo. For more information, visit www.stoke.com.
SOURCE Stoke, Inc.