Wednesday, September 26, 2012

Xirrus Snags $23.5M For Wireless Networking

Thousand Oaks-based Xirrus, the developer of high speed, high performance wireless networking hardware, has raised another big chunk of financing, saying today that it has raised $23.5M in a Series E funding round. The round came from its existing investors, including August Capital, Canaan Partners, InterWest Partners, QuestMark Partners, and US Venture Partners. Xirrus said the funding will go towards sales growth and its product. Xirrus develops high performance wireless networking equipment, which uses multiple wireless access points and switching to support very dense and high performance Wi-Fi networks, particularly in areas like schools, campuses, shopping centers, and other public areas, which are not well supported by typical Wi-Fi access point equipment. More information »

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