Unstrung reports that Airgo Networks has raised $20M in a third round, bringing the total to something like $52M. They say Airgo uses multiple antennas to extend range and “increase capacity” of wireless networks, and speculate that the founders’ experience might be a plus: One thing Airgo might have going for it is experience — … Continue reading “Good money after bad”
Unstrung reports that Airgo Networks has raised $20M in a third round, bringing the total to something like $52M. They say Airgo uses multiple antennas to extend range and “increase capacity” of wireless networks, and speculate that the founders’ experience might be a plus:
One thing Airgo might have going for it is experience — as CEO Greg Raleigh has already created and sold a wireless technology company.
But they don’t delve very deeply into the question of how relevent this experience might be to what Airgo’s building, since Airgo won’t really say. I used to work there and I know what they’re building, but I of course can’t talk about it due to all the NDAs I had to sign and all the meetings I had to go to before I was able to figure out what they’re building and why. But I can say that I don’t expect their investors to make out on this deal, for reasons I will gladly explain when they make more product details public.
All in all, I think the Vivato product is more technically impressive, Vivato’s execs have much more in the way of relevent experience, they haven’t had massive layoffs, and their product actually works.
