Wednesday, November 30, 2005

Paragon Wireless Raises $7 Million for VoWLAN

Paragon Wireless, a start-up based in Dallas, Texas and Beijing, China, raised $7 million in Series B funding for its VoWLAN solution.

Paragon designs and develops standards-compliant VoWLAN equipment including handsets and access points. ParaPhone is a smart phone with IEEE 802.11 and SIP-based VoIP engine. It provides end customers real multimedia experience, such as VoIP, E-mail, web surfing, MP3, high-quality photo, and video streaming in home, office, and hot spot/zone. ParaPhone Twins combines VoWLAN and GSM/GPRS into a single handset. It enables end customers to use it as a cell phone anywhere anytime and enjoy broadband applications and economical voice service many-time many-where. ParaAP, the AP product, integrates DSL (ADSL2+), WLAN AP (802.11g), router, VoIP (SIP), and IP-PBX together into one box. The product is already on the market.

The latest funding round was co-led by Austin Ventures and CID Group. The funds will be used to further research and product development, and expand international sales and marketing activities.

Paragon Wireless currently has 40 employees based in Beijing, China, and has recently established their international headquarters in Dallas, Texas.

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