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September 26, 2012
THOUSAND OAKS, Calif. -- Xirrus®, the leader in high-performance wireless access, announced today it has closed a $23.5 million Series E financing round led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners, and US Venture Partners. Xirrus will use this financing round to accelerate global sales growth and product innovation.
With the demand for mobile devices and applications growing exponentially, it becomes necessary that businesses provide their wireless users with the same quality of experiences found on wired networks. As the leader in high-performance wireless networking, Xirrus is well positioned to lead this transformation from wired to wireless, providing the only Wi-Fi architecture capable of wire-like performance to organizations that depend on business-critical mobile applications.
Shane Buckley, CEO of Xirrus, explains, "The world has changed. We depend heavily on wireless communications, and businesses everywhere are seeking new network strategies to meet the demands for fast, secure, and reliable mobile access. With this newest round of funding, we are able to develop new markets in Europe and Asia Pacific. We are 100% focused on extending our leadership in delivering wired performance for the new age of wireless-based BYOD and rich-media applications."
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