SkyPilot Scoops $24.4M

Mobius Venture Capital (formerly SOFTBANK Venture Capital) led the round; other investors include AOL Time Warner Ventures

December 6, 2001

1 Min Read

MENLO PARK, Calif. -- SkyPilot Network, Inc., has closed its second round of financing in the amount of $24.4 million. Mobius Venture Capital (formerly SOFTBANK Venture Capital) led the round. Other investors include AOL Time Warner Ventures, Softbank Asia Infrastructure Fund, L.P. (SAIF), Invesco Private Capital, Selby Venture Partners, Palo Alto Investors and Nexit Ventures. SkyPilot Network is a next-generation broadband access provider that builds and operates wireless mesh networks in suburban markets based on the widely available industry standard 802.11 protocol. "SkyPilot Network's approach to delivering high-speed wireless access everywhere is an idea that is both elegantly simple and tremendously compelling," said Greg Galanos, managing director of Mobius Venture Capital. "Great, innovative technology combined with a highly credible business model has convinced us that SkyPilot Network is going to be a huge winner." Combining open standards, a unique architecture operating in the license-free UNII band and ease of installation, SkyPilot Network is creating the broadband network of the future. SkyPilot Network, Inc.

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