By Bryan Menell August 7, 2009 Leave a Comment

Bandspeed LogoAccording to regulatory filings, Austin-based Bandspeed has secured committments of $4.5 million of a planned $9.5 million round of venture financing. Guggenheim Technology Ventures and return backer JatoTech Ventures are listed as shareholders. The company previously raised around $44 million since 2001, including a $10M round in mid-2007,  from firms like JatoTech, CenterPoint Venture Partners, Cisco Systems and MSD Capital (Michael Dell’s venture business).

The company doesn’t typically release news or details of financing activities. From the company website:

Bandspeed is the only company focused on solving the Wi-Fi network challenges faced by the full spectrum of businesses from small to medium enterprise. Business Wi-Fi deployment has historically been hobbled by products that are complex to deploy, costly to manage, and frequently offer unsatisfactory performance due to interference, poor coverage and dropped calls. Bandspeed has addressed all of these issues with its AirMaestroTM solution of products and technology, the first and only AP solution to deliver the benefits of enterprise class Wi-Fi networks for the mass market.

About

Bryan is the Managing Editor for AustinStartup and the Director of the Collaboratory at Dachis Group. He is a co-founder of Capital Factory, on the board of Texchange, and runs the popular Austin Tech Happy Hour with his wife. He advises early stage technology companies including Socialware, SpeedMenu, and AudiencePoint.

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