High-wireless acts: Row 44, Sonos capitalize on move toward WiFi
The world is going wireless, and two tri-county firms have raised $62 million as proof.
Westlake Village-based Row 44 and Santa Barbara-based Sonos are building businesses around consumers’ burgeoning demand to stay connected to their digital lives wherever they are. Row 44 operates an in-flight wireless Internet service and is installing it on Southwest Airlines’ fleet, and Sonos makes systems to beam different streams of music to any room in a home.
Investors have made big bets on both in recent months. Row 44 announced a $37 million investment from PAR Capital and other investors on Sept. 8 to fuel its international expansion. Sonos has it sights set on Europe and Asia as well. It raised $25 million in March, according to regulatory filings.