Wireless LAN vendor
Trapeze Networks Inc. has scored an as yet unannounced Series-C funding round of $13.62 million.
Founded in March 2002 and based in Pleasanton, Calif., the company has now raised a total of $63.62 million (see
Trapeze Swings $34M).
“We have not issued a press release, but we expect to do so shortly,” says Trapeze’s director of product marketing and business development, Michael Coci. “It was led by
Duff Ackerman & Goodrich but included funding with all the others we had established relationships with as well as the new OEM partners.”
Previous investors include
Accel Partners,
Castile Ventures,
CE Unterberg Towbin,
Oak Investment Partners,
Redpoint Ventures, and
Trautman Wasserman & Co.
3Com Corp. (Nasdaq: COMS) and
Nortel Networks Ltd. (NYSE/Toronto: NT) have also made undisclosed investments in Trapeze, linked to their OEM deals with the company (see
Trapeze Swings With Nortel and
3Com Swings With Trapeze).
Trapeze’s Coci says that current headcount is “over 100” and the company is targeting “around 150 by the end of the year.”
Rival
Aruba Wireless Networks has scooped up $59 million in VC investment to date (see
Aruba Wraps $42M Financing). One-time competitor
Airespace Inc. was acquired by
Cisco Systems Inc. (Nasdaq: CSCO) for $450 million in January this year (see
Cisco Buys Airespace).
— Justin Springham, Senior Editor, Europe,
Unstrung
