Iospan Wireless Raises $47M

SAN JOSE, Calif. -- Iospan Wireless, Inc. (formerly known as Gigabit Wireless), the leader in fixed wireless broadband multiple antenna technology, today announced it has to date raised $47 million in Series C equity financing. Major new investors include Amerindo, Dain Rauscher Wessels, Deutsche Bank Alex Brown, Flextronics, J.P. Morgan, and Meritech Capital Partners, in addition to existing current equity holders Accel Venture Partners and U.S. Venture Partners.

"We are extremely pleased to have the strong financial backing of such internationally respected institutional investors who believe in the enormous potential in broadband wireless," said Levent Gun, Iospan's president and chief executive officer. "By allowing wireless service providers to offer ubiquitous low-cost broadband access, Iospan's new AirBurst technology will enable rapid growth in this emerging market."

http://www.iospanwireless.com