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CradlePoint Collects $48 Million Venture Capital

Tuesday, April 14, 2015 5:32:00 AM PDT | VentureDeal
   Boise, Idaho  --  Wireless networking technology company CradlePoint has secured $48 million in its second round of institutional venture capital funding.

CradlePoint has developed cellular routers that enable enterprises to configure and manage their networks of remote wireless devices.

Sorenson Capital Partners led the round, which included Delta-V Capital and others.

The company said it would use the funding to accelerate its international expansion and continue development of its Wireless Wide Area Networks and security solutions.

The company has previously raised at least $12 million in investment.

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