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CradlePoint Nets Series B Venture Capital Investment

Wednesday, December 15, 2010 5:54:00 AM PDT | VentureDeal Staff

   Boise, Idaho  --  Networking company CradlePoint has garnered $7.5 million in its second round of institutional venture capital funding.

CradlePoint has developed next-generation routers for the enterprise retail and branch location market.

OVP Venture Partners led the round, which also included previous investor Highway 12 Ventures.

The company said it would use the financing proceeds to accelerate deployment of its new routers.

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