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News
Issue #2003 - 14 (April 2003)
(Updated Apr. 23, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless This Week

Recent Investments

1. Dilithium Networks Secures $10MIn series B Funding 
Dilithium Networks is the leading provider of solutions for interconnecting networks and terminals to enable seamless, efficient transport of voice and video.
Investors - Motorola and Jafco (Asia) 

2. edline Communications Raises $10,000,000 [Canada]
Redline Communications provides next-generation broadband fixed wireless access equipment.
INVESTORS: Telemedia

3.Millennial Net Raises $6,000,000 in First Round [Cambridge, MA] 
Millennial Net develops ultra-small, ultra-low power, wireless sensor networking devices called i-Beans. It produces hardware and software to build wireless sensor networks. 
INVESTORS: General Catalyst, Globespan Capital Partners, Kodiak Venture Partners

4. Legra Systems Raises $6,000,000 in Seed Financing Round Add-on [Lexington, MA] 
Legra Systems develops networking systems that are compatible with open standards for the WLAN enterprise market.
INVESTORS: Genesis Partners, Kodiak Venture Partners

5. Maptuit Corporation Secures $8M in Series C Financing
Maptuit’s premier service, called Maptuit® FleetNav, provides on-demand truck-to-door directions to operators of heavy trucks. 
Investors: Flagship Ventures and Edison Venture Fund. 

Source: Various press releases
For more information: http://www.venturereporter.com

MobileInfo Comments and Advisory: Investments in WLAN, applications (a good idea, hardware-centric VCs to note) and advanced wireless chips.

 Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.


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