Vivato Raises $45M for Wi-Fi Switching
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Wi-Fi infrastructure start-up Vivato has banked another $45 million in venture capital funding from a group of investors including the Intel Communications Fund.
Vivato, which markets a 2.4 GHz outdoor Wi-Fi switch that communicates directly with 802.11b compliant devices and can project wireless coverage throughout very large areas, said the latest VC infusion brings the total investment in the company to $67 million.
The San Francisco, Calif.-based Vivato said the new money would be used on production of the 2.4 GHz switch to develop a new wireless local area network (WLAN) product line. The switch, priced at $8,995, is a wall-mountable, flat-panel unit that covers wireless coverage for up to 150 Wi-Fi enabled clients in its 300 meter range, negating the need for deploying several access points.
It is being marketed to high bandwidth Wi-Fi wireless networks, especially among enterprises and college campuses across the U.S.
ATV general partner Jos Henkens pointed to the "explosive market" for Wi-Fi technology as a key reason for leading the latest investment in Vivato. "The company's unique technology enables faster, more secure Wi-Fi connections over longer distances, satisfying an explosive market," Henkens said.