Xirrus Secures $26 Million in Series C Venture Capital Financing

Xirrus, Inc., recently announced that it closed a third round of funding, securing an additional $26 million in equity financing. Xirrus, Inc., is the only Wi-Fi “Power-Play” that can replace Ethernet workgroup switches with Wi-Fi as the primary network connection for end users. The company announced that this round of financing was led by Canaan Partners, with additional participation by all existing investors including U.S. Venture Partners, August Capital, QuestMark Partners and Dirk Gates, president and chief executive officer of Xirrus. The investment will be used to fuel further acceleration of customer acquisition and international expansion.

The investors were attracted by Xirrus’ explosive growth, increased rate and quality of customer acquisition, growing deal size, and the desire of many of Xirrus’ customers to transition their wired networking budgets to wireless deployments when presented with a cost effective alternative that performs to a wired level. The value seen in Xirrus was in the platform’s ability to address the needs of the enterprise and in being the only Wi-Fi architecture capable of effectively replacing wired Ethernet workgroup switches instead of being limited to an overlay technology like all the other competitors in the Wi-Fi industry. As the only “Wi-Fi Power-Play,” Xirrus is in the unique position of competing to win business from the enterprise switching budget, which is a more established and predictable source of revenue than the experimental and often discretionary Wi-Fi budget that most of its competitors are restricted to.

Xirrus Wi-Fi Array implementations provide more coverage, more bandwidth, more throughput, more encryption, more intelligence, and support for more users per cable drop than anything else available in the industry today — resulting in a solution that uses 75% fewer devices, power, cabling, switch ports, and installation time than competitive offerings.

In addition to Canaan’s participation in the financing, Eric Young, General Partner, will join the Xirrus Board of Directors.

Xirrus, the leader in high performance Wi-Fi designs and manufactures the patented Wi-Fi Array. The Xirrus Wi-Fi Array obsoletes traditional Wi-Fi offerings by integrating 4, 8, or 16 radios and high-gain directional antennas into a single device along with an onboard Gigabit Switch, Wi-Fi Controller, Firewall, dedicated Wi-Fi Threat Sensor, and embedded Spectrum Analyzer, providing the performance and security to replace Ethernet workgroup switches with Wi-Fi technology. The Xirrus Wi-Fi Array delivers more range, more coverage, more bandwidth, more throughput, and more intelligence per cable drop than anything else available today – resulting in a solution that uses 75% fewer devices, cabling, switch ports, and installation time compared with any other offering. Xirrus Wi-Fi Arrays are ideal for any organization moving towards Wi-Fi as their primary network connection, especially those that must cover large areas, support large user populations, and/or use high bandwidth/throughput applications.

Xirrus is a privately-held company headquartered in Westlake Village, California.

For more information, please visit www.xirrus.com