Crosslink Capital Leads Airvine $6.2M Series A Extension Aimed at Acceleration of WaveTunnel Product Roadmap
SANTA CLARA, Calif., March 25, 2024 /PRNewswire/ -- Airvine, the first company to develop a multi-Gigabit-speed wireless backhaul system for indoor connectivity, today announced the close of its Series A funding round. Crosslink Capital of Menlo Park, CA led the round, which totaled $6.2M and closed at the end of February. Airvine will use the funding for ongoing product development and to expand the sales team in order to take advantage of increased interest from customers in the company's target markets.
- Crosslink Capital of Menlo Park, CA led the round, which totaled $6.2M and closed at the end of February.
- Airvine will use the funding for ongoing product development and to expand the sales team in order to take advantage of increased interest from customers in the company's target markets.
- "Crosslink Capital sees an excellent investment opportunity."
- - Michael Stark, Principal of Crosslink Capital
"Crosslink Capital sees an excellent investment opportunity in helping the WaveTunnel product reach its full potential with deployments in a variety of exciting new network applications," said Michael Stark, Principal of Crosslink Capital.