Communications Announces Financing from Cisco Systems, VantagePoint
WIRE)--Sept. 24, 1999--SANTA ROSA, Calif.--(BUSINESS WIRE)--Sept. 22, 1999--Alantro Communications, a company specializing in high-speed, high-performing physical-layer communications technology, today announced that it has received a $6.0 million investment from VantagePoint Venture Partners and Cisco Systems, led by VantagePoint Venture Partners. Matt Ocko, a VantagePoint partner, will be joining Alantro's Board of Directors.
"We're very excited to now have the capitalization to move our plans forward," stated Chris Heegard, CEO of Alantro Communications. "The support of these well-respected strategic partners demonstrates the viability of Alantro's wireless LAN technology."
Alantro's technology was adopted as the high-performance option for the newly ratified IEEE 802.11 High-Rate 11Mbps wireless LAN standard. This new high-speed wireless LAN standard enables robust network connections at speeds necessary for general-purpose business and home applications.
Alantro Communications also recently joined WECA (Wireless Ethernet Compatibility Alliance) to promote IEEE 802.11 wireless LAN interoperability.
Alantro Communications specializes in high-performance, physical-layer communications technology. Founded in Santa Rosa, California in 1997, Alantro Communications is currently developing extremely efficient, IEEE 802.11 compliant, wireless LAN technology with advanced performance and high-speed capabilities. Alantro Communications has unique expertise in existing and emerging forward error control (FEC) and modulation/demodulation technology. Alantro also specializes in Turbo Coding, a next generation, very high performance FEC methodology.
About VantagePoint Venture Partners
VantagePoint Venture Partners, with offices in Silicon Valley and Stamford, Connecticut, manages over $825 million for CEOs and founders of premier technology companies, as well as world-class institutional investors. VantagePoint targets fast-growth technology companies which are at the forefront of technological innovation in their respective industries. VantagePoint's principals have financed and assisted more than 200 top tier technology companies over the past fifteen years.
Contact: Alantro Communications, Inc.
Liz Bortolotto, 707/521-3060