AirFiber Pulls Down $53 Million
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SAN DIEGO -- AirFiber, Inc., a developer of carrier-class wireless optical networking equipment, today announced the completion of its $53.5 million Series C round of equity financing, the majority of which was announced in April 2001. AirFiber has also secured a $10 million line of credit.
The second closing of the round served to attract strategic investors such as Spinnaker Ventures, with its strong ties to the Latin American telecommunications market. AirFiber will apply the additional proceeds to advanced development, sales and marketing, customer support and distribution of wireless optical networking equipment.
"A key goal of this round was to secure strategic investors via equity financing, and we've exceeded our expectations," said Jim Dunn, CEO of AirFiber. "This, coupled with the tremendous amount of carrier support that we have experienced of late, demonstrates the viability of the emerging free-space optical industry and our leadership in the market." |
