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Friday, Apr 19, 2024

Investors Pledge $26 Million for Xirrus

Wi-Fi network provider Xirrus Inc. received $26 million in financing, the company has announced. The money will go toward customer acquisition and international expansion of the Westlake Village-based company. The funding round was led by Canaan Partners with additional participation of previous investors U.S. Venture Partners, August Capital, QuestMark Partners and Dirk Gates, president and chief executive officer of Xirrus. Eric Young, a general partner with Canaan Partners, will join the Xirrus Board of Directors.

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