Allied Minds subsidiary Federated Wireless scores $22 mln Series A

Allied Minds subsidiary Federated Wireless, a developer of wireless infrastructure solutions, raised $22 million in Series A funding. Woodford Investment Management contributed about $15 million and led the round with participation from Allied Minds and others. Allied Minds now owns 73% of Arlington, Virginia-based Federated Wireless, valuing its stake at $60 million, up from $9 million.

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