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
Staccato raises $17.5M for wireless device technology
Staccato Communications, a San Diego, Calif. maker of semiconductors and equipment that wirelessly connect devices to personal computers, has raised $17.5 million in financing, bringing its total to $53 million.
Investors include Allegis Capital, Bay Partners, Charles River Ventures, Formative Ventures, Interwest Partners and Vision Capital.