Investors Put $16M in Ruckus
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Motorola Ventures and T-Online Ventures have invested $16 million in Wi-Fi technology from Sunnyvale, Calif.-based Ruckus Wireless.
The funds point to Ruckus leading the charge toward a wirelessly connected home.
"Being able to attract such world-class companies is the ultimate seal of approval that we are in the right place at the right time," Selina Lo, president and CEO of Ruckus Wireless, said in a statement.
The news increases total investment to $30 million in the wireless company. Ruckus said the latest funding will be used to increase production, sales and marketing worldwide.
Founded in 2004, Ruckus technology focuses on "smart" Wi-Fi home systems. The company's MediaFlex Wi-Fi router can transfer digital video signals, an ability the most recent investors see as attractive.
Motorola said its investment indicates a confidence that Ruckus can deliver higher-quality Wi-Fi, something required as more and more digital content is moved through the home, Warren Holtsberg, Motorola's corporate vice president of equity investments, said in a statement.
Ruckus Wireless is the only company to have "truly addressed the problem of moving multimedia around the home without new wiring," Petra Buchholz, fund manager for T-Online Venture Fund, said.
Motorola and T-Online could join the more than 75 broadband providers using MediaFlex. The company said its newest product, MediaFlex NG, allows providers for the first time to remotely view and manage home Wi-Fi networks.