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Thursday, Mar 28, 2024

Strix Secures $12 Million in New Funding

Strix Systems, a developer of wireless mesh networking solutions, has secured $12 million in preferred stock financing. The Calabasas-based company will use the capital to expand its engineering, marketing and sales functions. In particular, the company said it plans to expand its global sales and marketing efforts in Asia and Europe. The new round brings the company’s total venture capital funding to $54 million. The funding round was led by Crosslink Capital, a new investor, and included all the company’s existing investors, El Dorado Ventures, Palomar Ventures, UV Partners and Windward Ventures.

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