Rave Wireless snags $7M to up campus safety

Rave Wireless, developer of mobile applications tailored to university campuses, raked in $7 million in a fourth round of funding to continue work on software to heighten student security. Bain Capital Ventures, Sigma Partners and RRE Ventures contributed to the round.

The Framingham, Mass.-based company already has a portfolio of apps for use by students. The Rave Guardian allows them to transmit their location and safety status to campus police at any time from anywhere. On… Continue Reading