Skorpios Technologies bags $2M to boost mobile tech

T-Ventures led funding brings newer tech to T-Mobile parent company

Skorpios Technologies Inc, a composite photonics communications technology company, announced the close of its Series B funding on Tuesday with an additional $2 million -- bringing the funding round to $21 million.

The $2 million addition came in from T-Venture -- which is Deutsche Telekom's venture capital company. Deutsche Telekom is best known as the parent company of the global T-Mobile and T-System's brand. This deeper investment in mobile communication technology could create an even greater boost to the T-Mobile brand and its efforts to stay competitive in the rapidly evolving mobile world.

This funding announcement also comes on the heels of the Thanksgiving that AT&T withdrew its application to acquire T-Mobile -- a blow to T-Mobile which could get squeezed out as the fourth major mobile carrier.

The two-year-old company, based in Albuquerque, N Mex., uses its communication technology to optimize transceivers and other elements of communication to deliver even higher speed products.

"We are delighted to welcome Deutsche Telekom to the investment syndicate," Stephen Krasulick, president and CEO of Skorpios Technologies said in a statement. "The support of global carriers, such as Deutsche Telekom, in addition to major equipment companies and systems integrators, validates the market need for Skorpios' differentiating component technology. Our platform is a key enabler to reducing costs and improving performance in next-generation optical communications equipment."

The total $21 million raised in Series B will be used to expand Skorpios Technologies' infrastructure and complete the commercialization of its core technology. This roughly brings the total funding for the tech company to $23 million.

The company is currently in a mode of rapid expansion and is looking to hire innovative scientists and engineers in the coming months.

"The integration of today's separated building blocks into a single chip provides various important effects for our network, such as capex and opex savings at the aggregation layer and core, but also the economic enabling of new technologies that are essential to our strategy," said Bruno Jacobfeuerborn, Director of Technology, Telekom Deutschland GmbH. About T-Venture

T-Venture, founded in 1997 as a total subsidiary of Deutsche Telekom AG that invests in young companies that demonstrate economic and technological complimentary abilities with the business ideas of Deutsche Telekom.

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