A less buzzy way of describing this company is that it provides WiFi networks to large companies.
Going into the IPO, Matrix Partners owns 22.6 percent of Aruba, Sequoia Capital owns 20.6 percent, Trinity Ventures owns 15.5 percent and WK Technology owns 7.8 percent. Aruba has raised about $91 million in venture capital from these investors. Aruba is another one of those companies where Sequoia’s family ties have come into play.
Aruba booked a net loss of $4.5 million for the three months ended Oct. 31, compared to a net loss of $8.5 million the same period a year ago.