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Ruckus Wireless Raises $16 Million for "Smart Wi-Fi" Products

Authored by Mark Hefflinger on October 10, 2006 - 4:39pm.
Sunnyvale, Calif. - Ruckus Wireless, a developer of "smart Wi-Fi" technology and products, announced on Tuesday that it has raised $16 million in new financing, led by Motorola Ventures. New investors including T-Online Venture Fund and Firelake Capital Management also participated, along with existing investors Sequoia Capital, Sutter Hill Ventures, Investor AB and WK Technology Fund. Founded in 2004, Sunnyvale, Calif.-based Ruckus currently supplies its MediaFlex smart Wi-Fi system to more than 75 broadband providers. The technology lets providers remotely view and manage Wi-Fi networks in consumers' homes, so that services like IPTV can be accessed throughout the home without wires. The proceeds will be used to rapidly scale the company's production, operations and sales and marketing worldwide.
http://biz.yahoo.com/prnews/061009/sfm050.html?.v=65
http://www.ruckuswireless.com
tags: Deals | VC | Tech | Broadband | Wireless | WiFi | IPTV | Tech Deals | Ruckus Wireless |



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