& cplSiteName &

Friday Funding Roundup

Dan Jones
LR Mobile News Analysis
Dan Jones, Mobile Editor
4/13/2007
50%
50%

A real mixed bag of wireless and mobile companies made it in this week's VC cash dash.

AirTight Networks Inc. : There's still plenty of money to be had in catering to corporate fears about WiFi insecurity. If Aruba Networks Inc. (Nasdaq: ARUN)'s recent IPO didn't fully illustrate that point then this week's $14.5 million round for AirTight should hammer it home. (See Aruba Files for IPO.)

The series C round was led by CMEA Ventures and joined by existing investors. Mountain View, Calif.-based AirTight has raised nearly $37 million in venture capital in its five years of operation.

The mobile security market is still dense with startups and major vendors competing for enterprise dollars, including firms such as AirDefense Inc. and AirMagnet Inc. [Ed Note: Strange that there's never been a wireless security company called AirLock.] AirTight is planning to launch a new version of its SpectraGuard Safe software this month, which provides threat detection and prevention capabilities across multiple local and wide-area wireless networks.

Telsima Corp. : The Santa Clara, Calif.-based equipment vendor's $50 million round this week shows that the air hasn't gone out of the WiMax hype bubble quite yet. VC firms are still willing to flash the cash for WiMax, even if the recent Clearwire LLC (Nasdaq: CLWR) IPO shows that everyday investors are more cautious about this largely untested market. (See Telsima Gets $50M. and Clearwire's Bubble Bursts.)

Samplify Systems Inc. : Data compression can be used to eke more performance out of existing wireless networks and devices, which is especially useful for cellular carriers that want to squeeze a little bit more life out of networks that they might have invested billions to install. Santa Clara, Calif.-based Samplify has developed chips that it says can compress data at a ratio of up to 8:1 and can be used across a broad range of industries including the wireless business. Charles River Ventures and Formative Ventures have put together a $6.5 million series A round for the company.

Ensequence Inc. : This Portland, Ore.-based video firm has completed a $40 million VC series C round that it says will allow it to continue worldwide expansion with new offices in New York and Los Angeles. The company has developed a system that can push video across TVs, PCs, and mobile devices.

— Dan Jones, Site Editor, Unstrung

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading founder Steve Saunders grills Cisco's Roland Acra on how he's bringing automation to life inside the data center.
Flash Poll
Upcoming Live Events
February 26-28, 2018, Santa Clara Convention Center, CA
March 20-22, 2018, Denver Marriott Tech Center
April 4, 2018, The Westin Dallas Downtown, Dallas
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
Infographics
SmartNICs aren't just about achieving scale. They also have a major impact in reducing CAPEX and OPEX requirements.
Hot Topics
Project AirGig Goes Down to Georgia
Dan Jones, Mobile Editor, 12/13/2017
Here's Pai in Your Eye
Alan Breznick, Cable/Video Practice Leader, Light Reading, 12/11/2017
Verizon's New Fios TV Is No More
Mari Silbey, Senior Editor, Cable/Video, 12/12/2017
Ericsson & Samsung to Supply Verizon With Fixed 5G Gear
Dan Jones, Mobile Editor, 12/11/2017
Juniper Turns Contrail Into a Platform for Multicloud
Craig Matsumoto, Editor-in-Chief, Light Reading, 12/12/2017
Animals with Phones
Don't Fall Asleep on the Job! Click Here
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed