You are here:  Home  >  Banking & Finance  >  Current Article

Xirrus raises $10.1M

By   /   Friday, February 22nd, 2013  /   Comments Off

    Print       Email

Thousand Oaks-based wireless firm Xirrus has raised $10.1 million in venture capital, bringing its total operational funding to an estimated $90 million.

The latest funding round was disclosed in securities filings and follows a $23.7 million round in September 2012 that was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners and US Venture Partners. In calculating a firm’s total funding, the Business Times excludes money that went toward buying out previous investors.

Xirrus makes heavy duty Wi-Fi systems designed to replace wired networks in places like office buildings and college campuses. The company brought a new CEO, Shane Buckley, on this summer. He most recently led wireless firm Netgear’s commercial division.

In an interview with the Business Times earlier this year, Buckley said the rising popularity of smart phones and tablets among mobile employees — a trend known as “bring your own device” — has presented Xirrus with an unprecedented opportunity to present faster, better Wi-Fi networks to companies.

    Print       Email
  • Sign up for email news

    Get the Business Times in your inbox. Sign up for breaking news alerts, our weekly briefing, and more.
    Sign up
  • Latest Tweets

    Error: Rate limit exceeded
  • The Latest Lists

    2014 Book of Lists

    Purchase the digital version of the 2014 Book of Lists or download Excel versions of our weekly Top 25 lists. [Click here]

  • 2013 Giving Guide

    2013 Giving Guide

    Read our free guide to nonprofits and philanthropy in the Tri-Counties

You might also like...

Ventura County foundation chief heads to Fresno

Read More →