Home

Wi-Fi Home Media Networking

Wi-Fi Home Media Networking Firm Ruckus Wireless Raises $9 Million

Authored by Mark Hefflinger on September 19, 2005 - 9:33am.
Mountain View, Calif. -- Ruckus Wireless, a maker of multimedia wireless systems formerly known as Video54, said on Monday that it has secured $9 million in its second round of venture capital funding. Sutter Hill Ventures and Investor Growth Capital, the venture capital arm of Investor AB of Sweden, led the round, which increases the company's total funding to more than $14 million since its formation in June 2004. Other investors included Sequoia Capital and WK Technology Fund. The company said that it will use the proceeds to bolster product development and scale sales and marketing activities. Ruckus's wireless multimedia system is designed to deliver voice, video and data communications over standard Wi-Fi technology in the home.
tags: VC | Wi-Fi Home Media Networking | Ruckus Wireless |