Monday, April 28, 2008

SkyPilot Raises $3 million in Funding for its Wireless Mesh

SkyPilot Networks, a start-up based in Santa Clara, California, raised $3.4 million in new funding from its existing investors, including August Capital and Mobius Ventures, bringing the total raised since inception to over $70 million. The primary use of the funds will be to continue to expand sales and bring new products to market for the growing customer base of broadband wireless service providers.

"The recent financing is designed specifically to bring SkyPilot to profitability," said Paul Gordon, president and CEO of SkyPilot.