Rayspan Closes 15 Million Dollar Round of Investment Led by Sequoia Capital
San Diego, CA. - Rayspan Corporation has now closed on total funding of $15 million. The most recent round, which was led by Sequoia Capital, will be utilized by Rayspan to further advance the development and commercialization of its breakthrough metamaterial air interface technologies. In addition, Rayspan is expanding its operations beyond San Diego and is now opening branches in Taiwan and Korea.
About Rayspan
Founded in 2006, Rayspan is the world's leading innovator of metamaterial air interface solutions for wireless communications. Metamaterials provide breakthrough improvements in antenna and RF front-end component miniaturization, performance, cost reduction and ease of manufacture. Rayspan's solution supports a full range of fixed and mobile wireless WAN, LAN and PAN applications including 3G/4G cellular, WiMax, WiFi, Bluetooth and GPS.
To learn more about Rayspan Corporation visit www.rayspan.com.
About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit www.sequoiacap.com.
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