RICHARDSON, Texas-Navini Networks Inc., a broadband wide-area wireless network provider, said it secured $30 million in series D financing.
The funding round was significantly oversubscribed, Navini said. Funds will be used for international expansion and research and development.
The round was led by Lehman Brothers Venture Partners. Also participating were existing venture investors Austin Ventures, Granite Ventures, Sequoia Capital and Sternhill Partners.
Navini’s total funding to date stands at $115 million.
