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Funding for startups

AirFiber Secures $50 Million

SAN DIEGO -- AirFiber Inc., a developer of wireless optical networking equipment, today announced the receipt of $50 million in the first closing of its third round of equity financing. The round, lead by GM Capital Partners, also included London Merchant Securities and several of AirFiber's existing investors. AirFiber will apply the proceeds to the continued development, sales and marketing, customer support and distribution of its advanced wireless optical networking equipment.

"We are pleased with the level of interest in AirFiber among new investors and appreciate the backing that our previous investors have shown," said Jim Dunn, CEO of AirFiber.

http://www.airfiber.com
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