Strix Raises $12M

Calabasas-based Strix Systems said yesterday that it has raised $12M in venture funding from new and existing investors. The developer of high performance wireless networking equipment said that the round was led by Crosslink Capital, and included investments from existing backers El Dorado Ventures, Palomar Ventures, UV Partners, and Windward Ventures. The company said that it will use the additional funding for expanding its engineering, marketing, and sales organization. Strix has now raised $54M in venture funding. More information »