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Vanu, Inc. Lands $32,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a770aa75-fc0e-4f8b-9bd1-10d5a40a0131&Preview=1
Date
9/4/2008
Company Name
Vanu, Inc.
Mailing Address
One Cambridge Center Cambridge, MA 02142
Company Description
Vanu® software radio is the first wireless infrastructure solution that enables individual base stations to simultaneously operate GSM, CDMA, iDEN and beyond. With wireless standards developed entirely in software instead of specialized, single-purpose hardware, the Vanu Anywave® solution accelerates time-to-market for new services while delivering unprecedented capital and operating cost-savings. Carriers can easily and economically add new wireless standards or increase system capacity via remote software downloads. Anywave software can also accommodate a full range of RF hardware configurations that deliver customized coverage for indoor, outdoor and mobile cell site requirements.
Website
http://www.vanu.com
Transaction Type
Venture Equity
Transaction Amount
$32,000,000
Transaction Round
Undisclosed
Proceeds Purposes
This round of funding which will largely support business development, marketing and integration currently underway in India.
M&A Terms
Venture Investor
Charles River Ventures
Venture Investor
Norwest Venture Partners