Airespace, a start-up based in San Jose, California, secured $22 million in series C funding for its development of wireless networking platforms that support business-critical applications. The company's AireWave Director Software provides dynamic RF intelligence for network optimization, "air tight" security, seamless mobility, and support for real-time applications, such as voice. The company's WLAN products began shipping in April and the company has already announced significant customer sales and a major OEM agreement with NEC. Fidelity Ventures led the new funding round. Existing investors Battery Ventures, Norwest Venture Partners, Storm Ventures, Hotung Capital, and KTB Ventures completed the oversubscribed round.
http://www.airespace.com
- Airespace is headed by Brett D. Galloway, who previously acted as interim chief executive officer at Packeteer. He has also served as Packeteer's Vice President of Engineering and Chief Operating Officer.
