WiFi developer gets $15 million in funding.Strix Systems Inc. has raised $15 million in the company's second major funding round. Strix, a Westlake Village-based designer and developer of wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area networks, will be using the funding to ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale its sales and marketing efforts in addition to continuing its R&D efforts. The company has just hired a sales vice president, Steve Chappell, and it expects to boost its employee roster, currently at 45, to 70 by the first quarter of next year. Three-year-old Strix this summer launched its first product, Strix Systems Access/One Network, an entry into the burgeoning wireless networking See wireless network. category. So-called wireless networks allow computers to plug into a network using radio waves Radio waves Electromagnetic energy of the frequency range corresponding to that used in radio communications, usually 10,000 cycles per second to 300 billion cycles per second. ; hence no wires. But the radio signal in most systems must connect with an access point that is usually immobile. Strix marketing vice president Robert Jordan said that what distinguishes the company is that its systems allow users to more access points at will. The current funding round was led by Windward Ventures, with offices in San Diego and Thousand Oaks, and CMEA CMEA Council for Mutual Economic Assistance CMEA Cellular Message Encryption Algorithm CMEA Canadian Music Educators' Association CMEA Council for Mutual Economic Aid CMEA Certified Machinery Equipment Appraiser CMEA Colorado Music Education Association Ventures in San Francisco. Also participating were UV Partners in Salt Lake City and the Strix's existing investors, Palomar Ventures in Santa Monica and El Dorado Ventures in Menlo Park. Strix so far has raised $34 million. |
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