Sunday, July 25, 2004

Aruba Wireless Networks Raises $42 Million

Aruba Wireless Networks, a start-up based has secured an additional $27 million in equity financing and a $15 million, fully-committed debt and working capital facility, for its enterprise-class wireless LAN security systems . This brings the total equity investment in the company, since its inception In April 2002, to $59 million.

Aruba said it is now generating predictable quarterly revenue and has shipped over 700 WLAN switching systems to more than 300 customers around the world since it announced general availability of its Wi-Fi switching system in June of 2003. The customer list includes major corporations and campuses, such as Ariba, BEA Systems, Dartmouth College, eBay, Leeds University, Legal Services of New York, Microsoft, Sharp HealthCare, Spring Independent School District, University of Virginia Medical Center and Yahoo.

The new round of financing was led by WK Technology Fund and included existing investors Sequoia Capital, Matrix Partners and Trinity Ventures. Aruba will use the new capital to fuel its growth in the enterprise wireless security market by augmenting and accelerating engineering, sales and marketing efforts.


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