InnerWireless didn’t try to be too creative when choosing their name — they are more or less what the name says. The company provides a platform that links and extends various wireless networks including WiFi, ultrawideband and passive RFID signals within buildings like hospitals.
That platform is used for two main services the company offers: One, Horizon, unifies wireless to guarantee reliable, standards-based access within a building; the other, PanGo, is a location-based technology for tracking assets (whether those are people or objects).
The company is doing rather well, according to a recent announcement reporting that it had already booked $10 million in orders from the healthcare industry during the first three months of 2008. It also claims to be the only standards-based platform in its market.
Silicon Valley Bank provided the $9.5 million debt financing. InnerWireless had previously raised about $25 million in private equity financing by 2002, although no records show whether the company took funding afterwards. It’s based in Dallas, Texas.