PacketHop, mesh networking co., in trouble
Mesh networking company PacketHop, of Redwood City, Calif., has cut half its staff, and has agreed to an investment from SRI that could lead to significant changes in its management, according to VentureWire (subscription required).
PacketHop develops software that turns mobile devices into virtual Wi-Fi access points, but it has faced competition from bigger players such as Cisco and Motorola.
U.S Venture Partners, GF Private Equity Group, Mayfield and ComVentures are all existing investors. The company has… Continue Reading
Attune Systems raises $14M for a network file virtualization product
Attune Systems, a Santa Clara start-up offering a way to manage network server files with virtualization technology, said it has received $14 million in a new venture funding round led by RWI Ventures.
The value of the company increased with the latest round, it said.
Also participating in the round were GF Private Equity Group as a new investor, and existing investors Alloy Ventures, QTV Capital, Rock Creek Capital and Shea Ventures.