AirTight

• Home > 
• News > Press Releases

AirTight Closes $14.5 Million Series C Financing Capital to Fund Continued Rapid Expansion and Investment in Product Development Mountain View, CA - April 10, 2007 - AirTight® Networks Inc., the leading provider of wireless intrusion prevention solutions, today announced that it closed a Series C financing totaling $14.5 million. This raises the capital invested in the business to $36.75 million.   The Series C financing was led by CMEA Ventures, and all existing investors participated in the round. Rob McIntyre, a Partner at CMEA Ventures with a strong background in early-stage investments in enterprise networking and security, RF and mixed-signal systems, as well as wireless LAN software, will be joining AirTight’s Board of Directors.   “AirTight is a great match with CMEA Ventures’ investment philosophy --- to invest in proven teams with superior technology,” said McIntyre. “AirTight leads the WIPS market in patent protected technology, positive customer validation, revenue growth, and management talent. CMEA Ventures is confident that WIPS solves the wireless security conundrum facing most enterprises, and that AirTight is leading the way.”   “We are pleased that CMEA Ventures and all our previous investors continue to share our vision and understand the growth potential of AirTight as well as the value AirTight products bring to companies serious about wireless security,” said David King, chairman & CEO of AirTight Networks. “AirTight is continuing to invest in inventing, developing, marketing, and supporting the best WIPS solution in the market.”   “Indeed recent security breaches, most notably the single largest ever at TJX which was revealed by Gartner to be a wireless attack, continue to reinforce the need for all companies to pay attention to wireless security. This holds true whether or not wireless networks are deployed. All companies need to supplement wired security and WLAN infrastructure with a full time wireless intrusion protection system to detect, classify, protect and locate wireless vulnerabilities,” continued King.   SpectraGuard Enterprise was recognized by Gartner, the Tower Group, Information Security Magazine, the Tolly Group, and others as leading the WIPS industry in 2006. Most recently, AirTight and SpectraGuard were SC Magazine January 2007 Best Wireless Security Solution award finalists. Media Contacts: Donna Candelori Candelori Communications Tel:   +1 (408) 774-3414 dcandelori@candelori.com About AirTight Networks AirTight Networks, the industry standard for wireless vulnerability management, is the only company that offers customers a flexible, end-to-end solution that gives them visibility into their wireless security posture and a choice in how to manage it. AirTight provides full wireless intrusion prevention systems (WIPS) and the world’s first on demand wireless vulnerability management service. AirTight’s patented technology delivers the key elements of an effective WIPS to eliminate false alarms, block wireless threats immediately and automatically and locate wireless devices and events with pinpoint precision. AirTight’s customers include global retail, financial services, corporate, education and government organizations. AirTight Networks is a privately held company based in Mountain View, CA. For more information please visit www.airtightnetworks.com Media Contacts: Della Lowe AirTight Networks Tel: +1 (650) 934 8191 della.lowe@airtightnetworks.com AirTight Networks, and the AirTight Networks logo are trademarks; and AirTight and SpectraGuard are registered trademark of AirTight Networks, Inc. All other trademarks are the property of their respective owners. << Back to: Press Releases