Autocell Grabs Another Round
The firm is expected to announce an "inside round" of "less than $10 million", according to our sources. AutoCell's investors include Motorola Ventures and Thomas Weisel Partners.
To date, the startup -- formerly known as Propogate -- has raised $14 million in funding. (See Propagate Raises $8M.)
AutoCell makes software to automatically optimize wireless LAN networks. Once the firm's code is installed on an 802.11 access point, it can monitor the RF environment and swap channels and turn the radio down to avoid network interference. (See Propagate Changes Channels.) The firm's customers include Extreme Networks Inc. (Nasdaq: EXTR), Netgear Inc. (Nasdaq: NTGR), and Siemens AG (NYSE: SI; Frankfurt: SIE).
AutoCell is not the only company to take advantage of VC firms' recent willingness to fund wireless startups. Airgo Networks Inc., Ruckus Wireless Inc., Stoke Inc., and Tropos Networks have all been quietly gathering extra funds. (See AirGo's SOHO Go-Go, The Ruckus Room, Stoke Gets Stoked With $20M, and Siemens Funds Tropos.)
— Dan Jones, Site Editor, Unstrung