Xirrus develops wireless hotspot hardware designed for high-density, high-performance networks used in corporate environments, large campuses, conference centers, and schools. The company is based in Thousand Oaks and focuses on delivering equipment for demanding wireless deployments. According to a regulatory filing, Xirrus recently raised additional funding and intends to use the proceeds for working capital. The company is backed by investors including August Capital, Canaan Partners, InterWest Partners, QuestMark Partners, and US Venture Partners. Details on the financing terms and instruments have not been announced by the company. Xirrus last announced a funding round in September, and the new filing indicates an ongoing funding effort. Xirrus sells enterprise Wi‑Fi Arrays that pack between two and 16 radios plus a high‑gain directional antenna, onboard multi‑gigabit switch, controller, firewall, threat sensor and spectrum analyzer. The company says its kit delivers up to four times more coverage and eight times more bandwidth and capacity than conventional access‑point technology, enabling wire‑like performance for wireless networks. Xirrus positions its technology to address the BYOD trend that is increasing demand for robust, secure enterprise Wi‑Fi. Management plans to use new funding to accelerate global sales growth by expanding into Europe and Asia‑Pacific and to develop new products. Executives and investors emphasize extending leadership as wireless becomes the primary access layer for enterprises. Xirrus builds enterprise Wi‑Fi Arrays that integrate up to 16 radios in a circular configuration to improve coverage and performance. The company also provides a platform for managing those Arrays and for security. Xirrus aims to replace Ethernet in the enterprise to reduce setup and usage costs for corporate networks. It has been especially active gaining traction in the university market over the last year. Financially, Xirrus has received $80 million in total investment following a $20 million funding round led by InterWest Partners. The company is backed by August Capital, US Venture Partners, Canaan Partners and QuestMark Partners. CEO Dirk Gates previously founded and led Xircom, which was sold to Intel in 2001 for $748 million. Xirrus builds Wi‑Fi array hardware that combines switching capability with a collection of Wi‑Fi access points. The company is positioning its products as replacements for Ethernet workgroup switches. Xirrus is based in Westlake Village. It closed a $26M Series C to fund growth. The company said the investment will be used for customer acquisition and international expansion. As part of the funding, Eric Young of Canaan Partners will join Xirrus's board.

Total raised

$80M

Funding rounds

4

Latest round

Equity

Latest activity

Feb 2013