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Strix Systems Raises $15 Million in Equity Financing; Corporate Officials Expect This Round To Take The Wireless LAN Company To Profitability.

Publication: PR Newswire
Publication Date: 16-OCT-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
WESTLAKE VILLAGE, Calif., Oct. 16 /PRNewswire/ -- Strix Systems, Inc. announced today it has secured an additional $15 million in preferred stock financing, bringing the total investment in the company to $34 million.

Southern California-based Windward Ventures and San Francisco-based CMEA Ventures co-led this round with participation from UV Partners and existing investors Palomar Ventures and El Dorado Ventures.

"Windward Ventures aims to invest in companies that have not only inventive technology, but a core of fiscally...

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