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… Continue Reading
Meru snags $30M for virtual wireless service
Meru Networks, provider of a virtual wireless service that departs from typical hub-based service, has raised $30 million in a fifth round of funding. Based in Sunnyvale, Calif., the company says it is able to deliver wireless solutions that are easier for businesses to adopt and scale according to their needs. It says the new funding will be used to meet demand the company is seeing especially from the health care and education sectors.
The round… Continue Reading
Xyratex acquires Ario Data assets at loss?
Xyratex, a U.K.-based maker of data storage systems, said it will acquire some assets and employees from San Jose’s Ario Data Networks for an undisclosed sum.
Ario’s storage product focuses on RAID, Blade and Bridge technologies.
VentureWire (sub required) suggests the sale was made at a loss, but we haven’t confirmed this:
After pumping $44 million into Ario Data Networks Inc. and seeing it through a recapitalization, the company’s VC investors decided to bow out by selling off… Continue Reading