DiVitas Raises $15M

DiVitas has raised $15 million in its oversubscribed Series B round of funding

August 1, 2006

1 Min Read

MOUNTAIN VIEW, Calif. -- DiVitas Networks, a provider of seamless, unified mobility solutions for enterprise networks, today announced that it has raised $15 million in its oversubscribed Series B round of funding. Lead investor Menlo Ventures was joined by existing investor Clearstone Venture Partners. To date, the company has raised $23 million. John Jarve, managing director of Menlo Ventures, has joined the DiVitas board of directors. DiVitas will use the funding to bolster its sales, marketing, customer support, and engineering teams.

"Menlo Ventures has been following cellular/WiFi convergence for a long time and tracking a number of companies in that space. We could not find any company with a winning strategy," said Jarve. "We've invested in DiVitas because of its unique enterprise-centric approach that allows enterprises to gain control of mobility. Another reason we feel so strongly about the company is that it has a great management team."

"As a lead investor in SpectraLink and Ascend Communications, John brings to the DiVitas board a deep understanding of wireless and communication technologies," said Vivek Khuller, CEO of DiVitas. "He's incredibly smart and well-informed and is one of the savviest investors in early-stage technology companies. At DiVitas we are disrupting the world of mobile communications, and the backing of John and Menlo Ventures is a validation of our strategy, our team, and our market."

DiVitas Networks Inc.

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