Agito Networks Raises Second Round of Funding

Jul 01, 2008

Agito Networks, Inc., provider of enterprise mobility, announced that it has closed its Series B round of financing, raising approximately $13 million. Castile Ventures led the investment round, with ITX International Holdings Inc. also participating, and original investor Battery Ventures increasing its investment as well. The Series B round will help fund Agito Networks’ enterprise fixed mobile convergence (eFMC) market expansion and product development. Agito Networks’ RoamAnywhere Mobility Router is a business mobile convergence platform that uses RF-based, location-aware technologies to mobilize voice over 802.11 wireless LANs (VoWLAN) and data applications, while remaining agnostic to enterprise customers’ choices of mobile carriers.