Xirrus Closes Series Funding on $23.5m

Xirrus, a Wi-Fi device maker based in Thousand Oaks, Calif, has closed a $23.5 million Series E financing round. The funding was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners, and US Venture Partners.

PRESS RELEASE

Xirrus®, the leader in high-performance wireless access, announced today it has closed a $23.5 million Series E financing round led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners, and US Venture Partners. Xirrus will use this financing round to accelerate global sales growth and product innovation.

With the demand for mobile devices and applications growing exponentially, it becomes necessary that businesses provide their wireless users with the same quality of experiences found on wired networks. As the leader in high-performance wireless networking, Xirrus is well positioned to lead this transformation from wired to wireless, providing the only Wi-Fi architecture capable of wire-like performance to organizations that depend on business-critical mobile applications.

Shane Buckley, CEO of Xirrus, explains, “The world has changed. We depend heavily on wireless communications, and businesses everywhere are seeking new network strategies to meet the demands for fast, secure, and reliable mobile access. With this newest round of funding, we are able to develop new markets in Europe and Asia Pacific. We are 100% focused on extending our leadership in delivering wired performance for the new age of wireless-based BYOD and rich-media applications.”

“The global enterprise market for WLAN continues to see double digit growth as organizations grapple with the reality that wireless is becoming the defacto access layer,” said Steve Krausz, General Partner at US Venture Partners. “Xirrus, with its innovative Wireless Array technology and rapidly growing partner programs, is well positioned to lead the industry as it evolves from wired to wireless access.”

“Wireless has gone from being a ‘nice to have’ overlay technology to the primary connection,” said Zeus Karravala, Founder and Principal Analyst at ZK Research. “Wireless networks can be every bit as fast and secure as wired networks. But IT leaders must be laser focused on delivering the needed performance that gives users a rock-solid wireless experience.”

For more information, please visit www.xirrus.com.

About Xirrus, Inc.
Xirrus is the leading provider of high-performance wireless networks. Xirrus’ Array-based solutions perform under the most demanding circumstances with wired-like reliability and superior security. The Xirrus wireless solutions provide a vital strategic business and IT infrastructure advantage to the education, healthcare, government and enterprise industries that depend on wireless to operate business-critical applications. Headquartered in Thousand Oaks, CA, Xirrus is a privately held company that designs and manufactures its products and solutions in the USA. For more information please visit: http://www.xirrus.com/ and follow us on Twitter: @Xirrus.

Xirrus and XMS are trademarks or registered trademarks of Xirrus. Other trade names used in this document are or may be the property of their respective owners.

Read more at http://www.virtual-strategy.com/2012/09/25/xirrus-raises-235m-series-e-funding#qHSfxuTrPQ5L84xB.99

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