Meru Networks has raised $30 million in a private funding round to support its WLAN solutions.
The new funding was led by a new investor managed by Vision Capital Advisors, LLC, of New York City. Existing investors, including Clearstone Venture Partners, NeoCarta Ventures, BlueStream Ventures, The D. E. Shaw Group, Evercore Partners, Tenaya Capital and Monitor Ventures, also participated in the funding round.
“We are experiencing unprecedented enthusiasm for IEEE 802.11n solutions, and enterprises’ rapid adoption of the 802.11n standard presents us with the opportunity to accelerate our WLAN market share growth,” said Brett White, Meru’s chief financial officer. “CIOs are looking for a wireless solution that is easy to deploy, secure and manage so their organizations can not only run all business-critical applications reliably over their WLANs but can do so with reduced budgets and more efficient utilization of precious networking staff. The latest round of funding will give us the resources to continue our mission of solving application performance problems over wireless while meeting the strong demand we’re seeing from the health-care and education markets and Fortune 2000-size companies.”http://www.merunetworks.com
