Vivato Snags $44.5M
The round was led by Advanced Technology Ventures (ATV) and was joined by Intel Communications Fund, Leapfrog Ventures, and others.
Vivato intends to use the money to promote its 802.11b switch (11-Mbit/s over 2.4GHz) and develop its next generation of products. The company, unlike many of the other WLAN switch vendors, offers a single box that is intended to replace multiple access points as well as handling security and management features. (See Vivato's Switch Bitch for a rundown on the different approaches to switching.)
Vivato's massive round is further confirmation -- as if it were needed -- that wireless LAN is one of the few hot areas in the VC landscape (see WLAN: The Quiet Bubble?). The $44.5 million garnered by Vivato easily beat the $34 million round scored earlier this month by switch rival Trapeze Networks Inc., which had been touted as one of the largest rounds seen in the enterprise networking market over the last couple of years (see Trapeze Swings $34M).
However, Unstrung reported recently, most of the switching startups are looking for, and will require, a good deal more VC money to build a presence against established networking vendors in this most demanding of markets (see Switch Startups Seek Funding).
Vivato has so far gathered $67 million of venture capital in total.
— Dan Jones, Senior Editor, Unstrung