Meru Networks lands $87 million for virtual wireless service

Meru Networks, provider of a virtual wireless service that departs from typical hub-based services, has raised an additional $57 million to expand its fifth round of funding to $87 million (it closed $30 million from Vision Capital earlier this year), reports PE Hub. The recent financing came from existing backers Clearstone Venture Partners, NeoCarta Ventures, BlueStream Ventures, D.E. Shaw Group, Evercore Partners, Tenaya Capital and Monitor Ventures.

Based in Sunnyvale, Calif., the company has raised more than $160 million to date.

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