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High Performance Wi-Fi Network Market Gets Hot

October 9, 2012 By Technologies.org

In September 2012 two companies providing high performance Wi-Fi solutions raised venture capital in two separate but almost identical deals:

  • September 25, 2012 – Xirrus, headquartered in Thousand Oaks, CA, provider of high-performance wireless access, 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.
  • September 27, 2012- Celeno Communications, Israel-based provider of high-performance Wi-Fi chips and software for HD multimedia and high-performance data home networking applications, has secured a $24 million series E round of funding from existing and new investors Cisco, Liberty Global, Greylock Partners, and Pitango Venture Capital, and Vintage Investment Partners.

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