Vanu Gets $2M
Cambridge, MA-based Vanu, a provider of wireless infrastructure software, raised $2.1 million of a planned $5.2 million offering of equity, options, and warrants, according to an SEC filing. The company, whose software radio technology uses software to mimic functions typically handled by hardware in traditional radios, raised $32 million in a Series B financing two years ago. Harvard Business School professor Clay Christensen is listed as a Vanu board member on the filing for the newest funding. Vanu’s previous investors include Charles River Ventures, Norwest Venture Partners, and Tata Capital.