Seattle-based Opanga Networks has quietly raised $3.2 million so far this year, including a $2.8 million cash infusion that came in earlier this week, according to SEC records.
The startup, which builds technology that manages traffic for mobile devices, is led by CEO Dave Gibbons, a former AT&T exec who led the company’s fixed wireless business when it went public in 2000.
Opanga has been steadily raising money since 2010, with SEC filings indicating its total funding has now passed $15 million.
Opanga did not immediately respond to request for comment for this story, so we still don’t know a whole lot about the startup. But its technology is growing increasingly valuable as video streaming continues to skyrocket.
The startup’s website says it’s in the business of optimizing the way data is sent from cell towers to mobile devices. The key is what Opanga calls “traffic densification,” or spacing out bandwidth-heavy activities — like video streaming and file transfers — so they don’t coincide with normal peak hours. The end result is more steady usage patterns across wireless networks and better performance for users.