Propagate Raises $8M

Propagate Networks, which develops AutoCell embedded cognitive radio software, has raised $8M in Series C venture funding

September 27, 2004

1 Min Read

ACTON, Mass. -- Propagate Networks, Inc., whose embeddedcognitive radio software, AutoCell provides maximum WLAN performance in highdensity and high interference deployments, today announced that it has raised $8million in Series C venture funding. Strategic investors in this third round includeMotorola, Inc. (NYSE: MOT) through its venture capital arm, Motorola Ventures, anadditional unnamed corporate investors and Thomas Weisel Venture Partners.

Propagate has raised approximately $14 million in venture funding to date and will usethe Series C financing to expand its sales and engineering resources in the United Statesand China.

"Motorola is always strengthening its focus on new wireless networking technologiesand it is important that our customers, at home or in the enterprise, enjoy the wirelessenvironments they’re creating," said Matthew I. Growney, managing director ofMotorola Ventures. "Propagate’s AutoCell software addresses quality of service issuessimplistically, and we expect that our relationship with Propagate will provideMotorola with enormous benefit as a technology partner."

Propagate’s AutoCell™ is lightweight, cognitive radio software embedded in wirelessaccess points and clients (desktops, laptops, PDAs, cordless phones, home entertainmentsystems). AutoCell creates self-configuring wireless networks that automatically avoidradio frequency interference. Current Propagate partners include many Wi-Fi industryleaders such as Netgear, Atheros Communications, Chantry Networks, and others.

"Propagate is committed to making the Wi-Fi experience as painless as possible sobusiness and home users can simply plug in a new access point and never worry aboutperformance brownouts, neighboring interference and administrative headaches," saidGary Vacon, CEO of Propagate Networks. "We look forward to working closely withour investment partners to bring AutoCell closer to ubiquity and making it the de factostandard in all Wi-Fi-enabled consumer and business products."

Propagate Networks Inc.

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