Meru Networks, a start-up based in Sunnyvale, California, raised $25 million in fourth round of funding for its enterprise wireless LAN solutions. The company said that over the past 12 its business has grown at a rapid pace. Among its prominent milestones, Meru was recently selected by Osaka Gas for a wireless VoIP project described as the world’s largest fixed-mobile convergence deployment.
Lehman Brothers Venture Partners led the funding round, which also included Clearstone Venture Partners, NeoCarta Ventures, BlueStream Ventures, JumpStartUp Ventures and Evercore Ventures — all of whom have invested in previous Meru funding rounds. Nissho Electronics Corporation, a distributor and integrator that has partnered with Meru on a number of pioneering wireless VoIP and Fixed-Mobile Convergence deployments, also participated in this round.
The new funding round brings the total investment in the company to approximately $68 million.
http://www.merunetworks.com
- In January 2006, Meru Networks began shipping its new Radio Switch Family, a gigabit-class, wireless LAN infrastructure switch built for high-density data and wireless VoIP applications in pervasive, enterprise WLANs.
Meru’s Radio Switch family includes the four-radio RS-4000, the eight-radio RS-8000, the twelve-radio RS-12000 and a patent-pending, built-in omni-directional antenna. The system delivers up to 648 Mbps of WLAN bandwidth utilizing 802.11 standard radios, and is capable of scaling up to 1.2 Gbps of bandwidth across its coverage zone.