Friday Funding: Agito Steps Out
Agito Networks Inc.
Stealthy convergence startup Agito is close to closing its "double-digit" round of series A funding and has hired ex-Network Chemistry Inc. head, Rob Markovich, as its CEO, Unstrung has learned.
Agito has so far gathered around $7 milion in funding but hasn't yet closed the round. The firm has been incubated thus far by Battery Ventures and says it is getting good reactions from the VC community.
Markovich says he decided to join Agito because the time is right to move into enterprise systems that enable businesses to have more control of users moving between corporate WiFi networks and carrier-operated cellular networks.
"The enterprise mobility market is one of the last white spaces in IT," Markovich tells Unstrung. "That, combined with the quality of the team here and the quality of the investors, made me join."
The company was started in 2006 by people who had previously been working with wireless at Cisco Systems Inc. (Nasdaq: CSCO). Founder Pejman Roshan may be familiar to some readers, as he worked on wireless LAN at Cisco's wireless business unit. CTO and software architect Tim Olson was with JetCell, which Cisco bought in 2000.
Agito hasn't yet revealed many details on what it intends to do within the enterprise fixed/mobile convergence space. Markovich did hint, however, one of the things that will make Agito different from startup rivals like DiVitas Networks Inc. is that the company's software is intended to work with the diverse VOIP-related devices and infrastructure that companies may already have in place.
Agito wants to be "like Switzerland," Markovich says. It appears that the company will provide the layer that connects WiFi-enabled devices, WLAN networks, and the corporate PBX.
"But we're not middleware," Markovich stresses.
Another week, another wireless-related investment from Motorola Ventures . This time, Motorola's VC arm has given an undisclosed amount of venture funding to Israel- and U.S-based company Amimon, which works on wireless TV tech.
Amimon's wireless high-definition interface (WHDI) technology can transmit uncompressed high-definition television content to flat-panel TVs and PCs over the air. "The investment from Motorola will fund our plan to set WHDI as a new industry standard for connecting high-definition video sources to displays wirelessly," says Amimon's CEO, Yoav Nissan-Cohen.
— Dan Jones, Site Editor, Unstrung