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Strix Strikes $12M to Make Mesh

Mesh player Strix Systems Inc. has announced that it has scored $12 million in a new round of funding that the startup expects will take it to profitability.

The round was led by new investor Crosslink Capital, and Bruce MacNaughton -- a partner at Crosslink -- is now on the board of directors. The startup's previous investors also joined the round, which brings its total VC funding to $54 million.

The new funding comes just as interest in the metro-mesh hits fever pitch, with (Nasdaq: CSCO) expected to announce its first products this week. (See Cisco Plots Mesh.) Even telecom bubble survivor Nan Chen, who recently signed on as the VP of marketing at Strix, professes surprise at how quickly the firm managed to close the round. (See Chen's Outta Atrica.)

"It says a lot about the market itself as well as our technology," says Chen.

Get the full story at Unstrung.

— Dan Jones, Site Editor, Unstrung

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