BELLEVUE, Wash. — Pivotal Commware, a venture that’s backed by Microsoft co-founder Bill Gates, is in the midst of a fresh funding round that could bring in $20 million or more for its effort to develop flat-panel antennas that boost wireless communications.
In documents filed today with the Securities and Exchange Commission, the Bellevue-based startup said that four investors have put $14.75 million into a Series B equity funding round so far.
The filing says the offering amounts to $20 million, with $5.25 million yet to be sold. However, Pivotal Commware’s vice president of marketing and sales, Kent Lundgren, told GeekWire via email that the final amount of the round is yet to be determined.
Lundgren said participants in the round could include “some new strategic investors,” but declined to go into further detail.