Rayspan secures $12.5 Million in series B financing
This financing will be used by the company to accelerate and expand the development and commercialization of its metamaterial wireless technology. Founded in 2006, Rayspan provides solutions that support a range of fixed and mobile wireless WAN and LAN applications including all 2/3/4G cellular handsets, WiFi, Bluetooth and GPS. Currently, there are about 45 employees in the company.
Franz Birkner, CEO of Rayspan said, "This funding is a clear vote of confidence in Rayspan's exciting opportunity to broadly deploy its metamaterial air interface solutions in the WLAN and 2/3/4G cellular handset markets."
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