SANTA CLARA, Calif.-Azaire Networks, which provides cellular/Wi-Fi convergence network solutions, said it closed $9 million in series B financing.
The financing was led by Rustic Canyon Partners and Woodside Fund. Existing investors, including Convergence Partners, also participated.
The funds will be used to expand the company’s sales and product development activities and to increase marketing resources worldwide, said Azaire.
In conjunction with the funding, Michael Kim, a partner with Rustic Canyon Partners, and Robert Larson, managing director of Woodside Fund, have been elected to Azaire’s board of directors.
