Tuesday, April 29, 2008

SkyPilot Adds $3.4M

Santa Clara-based SkyPilot Networks said Tuesday afternoon that it has closed a new round of venture financing worth $3.4M. According to the company, the round came from existing investors, including August Capital and Mobius Ventures. SkyPilot has now raised over $70M for its broadband wireless network products. According to SkyPilot, it will use the funding to expand sales, bring new products to market, and to bring the firm to profitability. SkyPilot's products are use to deploy broadband access using wireless mesh technology. More information »