Deals

Aruba raises $5M, sweetening pot before going public?

Aruba Networks, the Sunnyvale provider of wireless LAN technology which we reported earlier appeared to be getting ready to go public, has raised around $5 million in more funding, according to a regulatory filing cited by PE Week.

This brings the round total to around $30 million. Artis Capital Management led the overall round, and was joined by Matrix Partners, Sequoia Capital, Trinity Ventures and WK Technology Funds.

If the company really is going public soon, then raising an extra round is a good way for investors to get more shares in the company that they can sell in the IPO. However, we don’t know the exact reasons for the fundraising.