AirTight Networks raised US $10 million after the close of a series D financing round. This brings the company's total capital investment to US $48.75 million. The company's existing investors CMEA Capital and Trident Capital leads this round of financing.
AirTight is dubbed as the forefront innovator in the wireless space. It was the first to introduce cloud-managed Wi-Fi security resolution way back in 2008.
"The management team demonstrated great skill and discipline driving the company to profitability and positive cash flow in a highly capital-efficient manner. Following its initial success in wireless security, AirTight now has an even greater opportunity to lead the way in next-generation Cloud Wi-Fi solutions," said Alberto Yepez, Managing Director at Trident Capital.
"All of AirTight's existing investors are excited to support the company's growth trajectory with additional working capital and operational funding," Yepez added.
Speaking through its Chairman and CEO David King, AirTight expressed its gratitude to their investors.
"We are gratified by this vote of confidence from our current investors in providing additional operating capital to fuel our rapidly accelerating growth," said King.
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