According to Bloomberg, Kumu Networks Inc., a provider of technology that boosts the capacity of wireless networks, said it has raised $15 million in a funding round led by Third Point Ventures.

The financing from the venture arm of Daniel Loeb's Third Point LLC also includes previous investors New Enterprise Associates and Khosla Ventures.

Kumu was founded in 2012 by a team of Stanford University Professors and Ph.D graduates with a mission to commercialize research on Wireless Full Duplex.

Kumu has developed technology that cancels Self-Interference, the 'unwanted' energy that leaks into a radio's receiver while transmitting. As a result of the cancellation, the receiver hears no noise from its transmitter, freeing it to cleanly receive external signals. A radio using Kumu's self-interference cancellation technology can transmit and receive at the same time on the same frequency.