Telecom Lead Asia: Samsung Venture Investment Corporation
invested $5 million in mobile broadband solutions provider Stoke.
This is a strategic investment for Samsung which has
deployed and commercialized large LTE networks across the world.
This proven experience in LTE deployments demonstrates
the company’s ability to support customers worldwide in this new era of
communications. 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,” said Brian Kang, Senior Director of Samsung Venture.
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
“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
Samsung Venture America 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 is backed by prominent venture capital firms and
carriers including Kleiner Perkins Caufield & Byers, Sequoia Capital, Focus
Ventures, and NTT Docomo.