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RAYSPAN RAISES $12.5 MLN IN SERIES B FINANCING FROM KHOSLA VENTURES
Jul 27, 2009 (AsiaPulse via COMTEX) --
MEDIA RELEASE PR35520
(Full text of statement. Contact details below.)
Rayspan Raises $12.5 million in Series B Financing from
Khosla Ventures & Sequoia Capital
SAN DIEGO, Calif., July 27 /PRNewswire-AsiaNet/ -- Rayspan
Corporation, the world's leading innovator of metamaterial air
interface solutions for wireless communications, today
announced that it has received US$12.5M in a Series B financing
led by new investor Khosla Ventures, who was joined by existing
Rayspan investor Sequoia Capital as well as individual private
investors. The financing will be utilized by Rayspan to
accelerate and expand the development and commercialization of
its breakthrough metamaterial wireless technology.
"Rayspan is on track to global leadership in developing and
commercializing the exciting new field of metamaterials for
wireless communications," said Pierre Lamond, General Partner
at Khosla Ventures. "Their advanced and proprietary technology
is strongly differentiated and market-proven, and we believe
they will become an industry-leading air interface provider in
the huge wireless markets they target."
"Rayspan is delighted to have Khosla Ventures join its
shareholders," said Franz Birkner, CEO of the company. "Their
support, together with that of Sequoia Capital, is a clear vote
of confidence in Rayspan's exciting opportunity to broadly
deploy its breakthrough metamaterial air interface solutions in
the world's largest WLAN and 2/3/4G cellular handset
markets."
About Rayspan
Founded in 2006, Rayspan is the world's leading innovator of
metamaterial air interface solutions for wireless
communications. Metamaterials provide breakthrough improvements
in antenna and RF front-end component miniaturization,
performance, cost reduction and ease of manufacture. Rayspan's
solutions support a full range of fixed and mobile wireless WAN
and LAN applications including all 2/3/4G cellular handsets,
WiFi, Bluetooth and GPS.
To learn more about Rayspan Corporation visit
www.rayspan.com
About Khosla Ventures
Khosla Ventures offers venture assistance, strategic advice
and capital to entrepreneurs. The firm helps entrepreneurs
extend the potential of their ideas in breakthrough scientific
work in clean technology areas such as solar, battery, high
efficiency engines, lighting, greener materials like cement,
glass and bio-refineries for energy and bioplastics, and other
environmentally friendly technologies as well as traditional
venture areas like the Internet, computing, mobile and silicon
technology arenas. To learn more about Khosla Ventures visit
http://www.khoslaventures.com
About Sequoia Capital
Sequoia Capital provides venture capital funding to founders
of startups who want to turn business ideas into enduring
companies. As the "Entrepreneurs Behind the Entrepreneurs",
Sequoia Capital's Partners have worked with innovators such as
Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob
Swanson of Linear Technology, Sandy Lerner and Len Bozack of
Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David
Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of
Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley
and Steve Chen of YouTube, Keerti Melkote of Aruba Wireless
Networks and Jonathan Kaplan of Pure Digital. To learn more
about Sequoia Capital visit www.sequoiacap.com
SOURCE: Rayspan Corporation
CONTACT: Franz Birkner,
CEO of Rayspan Corporation,
+1-858-259-9596
rw
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