WALTHAM, Mass.-Colubris Networks said it has secured $15 million in its third round of institutional funding. The company’s total funding now stands at $36 million.
Colubris, which provides wireless local area network systems, plans to use the funds to expand its global sales channels and development activities in the enterprise WLAN market.
Two new investors, Dole Capital Management and the Telecommunications Development Fund, participated in the latest funding round. Existing investors Prism Venture Partners, Mid-Atlantic Venture Funds and GrandBanks Capital and The Business Development Bank of Canada also participated.
