Altair, an Israeli company, is joining the race to be at the forefront of what some believe will be telecom’s next hot trend—mobile WiMAX. Altair, which makes chips that work with mobile WiMAX networks, announces today an $18M round of funding.

Mobile WiMAX is considered attractive because, compared to Wi-Fi, it offers much greater range and broadband access, although it has plenty of critics.

Wireless is a complex space with enough acronyms—UMTS, 3G and 4G, LTE, HSPA—to make your head spin. Paul Grim recently wrote a column for VentureBeat providing an overview of mobile WiMAX and competing standards and came away critical of WiMAX.

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