CradlePoint Technology Closes $7.5M Series B Venture Funding Round

Funding Rounds

▤ Summary

CradlePoint Technology, a Boise, Idaho-based company that engineers and manufactures cellular routers and software platforms that facilitate secure mobile computing via the 3G and 4G mobile broadband networks, has closed a $7.5m Series B venture funding round., a Boise, Idaho-based company that engineers and manufactures cellular routers and software platforms that facilitate secure mobile computing via the 3G and 4G mobile broadband networks, has closed a $7.5m Highway 12 Ventures.The round was led by OVP Venture Partners , with participation from existing investor In conjunction with the funding, Gerry Langeler, Managing Director of OVP Ventures, has joined CradlePoint’s board of directors.The company intends to use the funds to accelerate deployment of its 4G/3G routers and services into enterprise retail and branch locations.Led by CEO Pat Sewall, CradlePoint has developed the WiPipe™ technology, which is designed to provide access and traffic management to improve the security and quality of the online mobile experience.

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Amount $7.5M Total raised
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Date December 14, 2010 Announcement date
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Investors CradlePoint, hwy12, OVP Venture Partners Lead investors
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Company http://www.cradlepoint.com Funded company

▥ Classifications

industries
No industries detected
applications
Web and Content Management

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Labels
Enterprise Software Network Security Cloud Management

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