Sunday, May 15, 2005

SkyPilot Raises $15 Million, Names New CEO

SkyPilot Networks, a start-up based in Santa Clara, California, announced a $15 million round of funding and named Bob Machlin as its new president and CEO. SkyPilot Networks offers carrier-class, wireless mesh networking systems using 5.8 GHz spectrum that leverage optimized routing protocols and other innovations. New product announcements are expected at SuperComm.

Prior to SkyPilot, Machlin was president & CEO of AirFlow Networks, a wireless LAN equipment manufacturer, and president & CEO of Catena Networks, a DSL remote access telecommunications manufacturer. Before Catena, Machlin was vice president of worldwide marketing for Ascend Communications through its $24 billion acquisition by Lucent Technologies in 1999. Prior to Ascend, he was vice president of worldwide marketing for Cascade Communications.

The new funding round included previous investors Mobius Venture Capital, INVESCO Private Capital, SoftBank Asia Infrastructure Fund, Selby Venture Partners, Nexit Ventures, and Palo Alto Investors. Total funding in the company stands at $44.4 million.

See also