Venturi Secures $10M

Venturi Wireless secures $10M in Series C financing led by InterWest Partners

January 25, 2005

2 Min Read

SUNNYVALE, Calif. -- Venturi Wireless, Inc., a leading provider of wireless network optimization solutions, today announced that it has secured $10 million in series C funding, bringing the total equity investment in the company to over $23 million. InterWest Partners, a leading diversified venture capital firm, led the round with participation from new investor the Intel Communications Fund and existing investors Novus Ventures, Horizon Ventures and Storm Ventures.

The capital raised will be used to ramp up global sales and marketing programs to support growing market demands for the company's wireless optimization solutions.

Wireless carriers worldwide are currently rolling out Third-Generation (3G) networks to deliver high-speed mobile data services to consumers and business professionals. For consumers, this means they can soon access broadband multimedia content, such as video clips on demand, television, streaming music, and high-quality games on their wireless devices. Business laptop users will be able to take advantage of ubiquitous high-speed Internet access to utilize enterprise applications. These bandwidth-intensive applications require wireless data optimization to achieve the highest level of performance, reliability and network efficiency.

Venturi Wireless' proprietary Adaptive Airlink Optimization(TM) technology maximizes the potential of 3G networks. By increasing network speed, broadening user coverage, and streamlining data traffic, Venturi enables wireless carriers to offer the best user experience possible, while also achieving significant cost savings in network infrastructure and operations. With long-term implementations at Verizon Wireless and DDI Pocket Japan, Venturi Wireless' proven solutions serve mobile broadband users worldwide.

"It's clear that wireless data optimization enables LAN-like performance and reliability with deployments of 3G networks," said John Adler, venture partner at InterWest Partners. "With its patented technologies, scalable product architecture, and strong customer traction, Venturi Wireless continues to win in the marketplace. InterWest Partners invest in technology front-runners with strong management teams, and Venturi has demonstrated distinct leadership in executing their vision."

Venturi Wireless

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