Tuesday, July 1, 2008

Castile corrals $13M second round for California’s Agito

By Mass High Tech Staff

Waltham venture firm Castile Ventures has led the Series B funding of California-based mobile router maker Agito Networks Inc., the company says.

Castile was the lead investor in the $13 million round, which also included new investor ITX International Holdings Inc. of California and previous investor Battery Ventures of Boston. Battery Ventures led the company’s first round, for $9 million, in 2006.

The new funding is expected to help Agito Networks expand its market presence in enterprise fixed mobile convergence and accelerate product development, according to the company.

In addition to the funding, Agito also announced the appointment of David Leonard, former vice president and general manager of the Cisco Wireless Networking Business Unit and Desktop Switching Business Unit as the executive chairman of Agito’s board of directors. Agito’s board also includes Castile Ventures partner Carl Stjernfeldt, and Jason Matlof and Ken Lawler, a partner and general partner, respectively, at Battery Ventures.

Agito Networks’ RoamAnywhere Mobility Router is an enterprise-based mobile convergence platform that uses radio frequency-based, location-aware technologies to transmit voice and data applications over 802.11 wireless local area networks.