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Xirrus Snags $23.5M For Wireless Networking

socalTECH

Thousand Oaks-based Xirrus , the developer of high speed, high performance wireless networking hardware, has raised another big chunk of financing, saying today that it has raised $23.5M in a Series E funding round. Xirrus said the funding will go towards sales growth and its product.

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Bio Roundup: Mylan’s Shock, Hillary’s 3%, Duchenne Lessons & More

Xconomy

The deal also includes a $175 million deferred payment due in 2019 and $850 million in downstream payouts tied to regulatory and sales targets. The program, “Boardroom Ready,” is funded in part by LifeSci Advisors , the investor relations firm that sparked a furor by hiring female models to mingle at its J.P. Morgan party.

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