"Wireless mesh networking startup Firetide Inc. of Los Gatos, Calif., has added $2 million to its Series B round, bringing the total to $15.6 million. The new investment by Mitsui & Co. Venture Partners brings the total investment in Firetide to $18.8 million. The second round was led by earlier investor Menlo Ventures with participation from HMS Ventures and individual investors. Firetide expects to use the additional capital to expand sales and marketing, as well as for continued product development. The company develops networking equipment, such as indoor and outdoor mesh routers, to deploy wireless instant networks. — G.W."
(via TheDeal.com and company press release)
I am really interested in finding out why this company is adding $2m to its second round of financing already announced a while ago at $13,6m... unless it is to strengthen their relationship with their distributor in Japan, the Mitsui Group, one of the largest conglomerates in the world... Right ?
Cnet.com has a video interview of Firetide's CEO, short last September 2003. Nortel has a video webinar here on wireless mesh networks (registration required).