Friday Funding Roundup
Tango Networks: Stealthy Richardson, Texas-based fixed/mobile convergence startup Tango Networks Inc. completed its first funding round, totaling $25 million, this week. Investors include Motorola Ventures , Nortel Networks Ltd. , Signature Capital LLC , TWJ Capital LLC , and Meridian Capital Ltd.
The company has been operating in stealth mode since 2005 while it completed development of the technology behind its Abrazo system. The company is calling its platform a "hybrid architecture" that can support both legacy and IP PBXs. Tango Networks will formally launch the Abrazo in late March at the CTIA Wireless 2007 conference in Orlando, Fla. The Tango Abrazo enables users to be reached on either their mobile or desk phones with a single number and unified voicemail. In addition, users have access to "desk phone features" such as conference calling, call transfer, and other advanced features from their mobile phones.
Meraki Networks: The "consumer wireless mesh" startup Meraki Networks Inc. says it completed its first round of funding this week. The Mountain View, Calif.-based company, which was spun out in 2006 from work done at Massachusetts Institute of Technology (MIT) , has raised $5 million in a series A round led by Sequoia Capital .
As well as the influential venture capital firm, Meraki has already received small investments from Google (Nasdaq: GOOG) and other Silicon Valley angels. The startup is probably best known for its work with Google, which has been testing the firm's routers for indoor coverage at its Mountain View mesh network.
Bolstering indoor coverage isn't really the name of Meraki's game, however -- the firm was founded to make it cheap and easy to set up WiFi mesh networks in homes, apartments, and even entire communities. The firm will soon start selling the $49 Meraki Mini 802.11b/g router off its Website to facilitate this aim.
The company claims that in its beta program it has already unwired "more than 15,000 users in 25 countries around the world."
Beceem Communications: Lastly, the Santa Clara, Calif., mobile WiMax chipset vendor Beceem Communications Inc. grabbed a massive $40 million series D round, bringing its total funding to over $90 million. The firm is working on chipsets in anticipation of wireless broadband rollouts in the second half of this year. (See Beceem Gets $40M for more details.)
— Dan Jones, Site Editor, Unstrung