Trapeze Swings $34M
The round was led by Oak Investment Partners with $12 million, and included the participation of investment banks Trautman Wasserman & Co. and C.E. Unterberg Towbin, VC investors Duff Ackerman & Goodrich and Castile Ventures, as well as Series-A investors Redpoint Ventures, Accel Partners, and Trapeze employees.
Trapeze has now raised a total of $50 million and is one of the most aggressive vendors in the emerging wireless LAN switch market.
“This is probably the biggest round of funding in the enterprise networking space in the last one or two years,” says George Prodan, vice president of marketing at Trapeze. “This is way beyond what others have been raising and it’s a significant up valuation. Investors value the company more now than they did in the last round.”
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— Gabriel Brown, Research Analyst, Unstrung