Monday, July 15, 2013

AirTight Raises$10 Million for Cloud-Managed Wi-Fi

AirTight Networks, a start-up based in Mountain View, California, raised $10 million in Series D financing for its secure cloud-managed Wi-Fi solutions.

AirTight offers a controllerless Wi-Fi architecture that eliminates the cost and complexity of legacy WLAN solutions.

The new funding was led by existing investors Trident Capital and CMEA Capital.  This brings the total capital invested in AirTight to $48.75 million.

"We are gratified by this vote of confidence from our current investors in providing additional operating capital to fuel our rapidly accelerating growth," said David King, AirTight Networks Chairman and CEO.  "AirTight has developed the industry's most compelling Cloud Wi-Fi solution at an unprecedented pace based on customer demand from major enterprises seeking to deploy Wi-Fi across a huge number of geographically distributed locations.  Our technology team has once again delivered a highly differentiated solution by leveraging our carrier-class cloud architecture and patented location-based administration and enhancing it with Wi-Fi industry breakthroughs in ease-of-deployment, user interface design and integrated analytics.