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Print Edition StoriesVanu Inc., the Cambridge maker of software radio systems, has raised $2.15 million out of planned $5.2 million round of financing, according to federal documents.
While the regulatory filing with the U.S. Securities and Exchange Commission did not list the names of the six investors in this latest round, previous backers of Vanu include Norwest Venture Partners of California, Tata Capital of India and Charles River Ventures of Waltham.
The new funding comes through the placement of both equity and some combination of warrants and options to purchase more equity, according to the SEC filing.
Vanu was founded by and named after Vanu Bose, the son of Amar Bose, the founder of audio component maker Bose Corp. Vanu Bose was named a Mass High Tech All-Star in 2003. The company’s Anywave software radio is designed to scale up or down to deliver RF coverage for outdoor large-scale urban and rural; outdoor mid-scale cell for high traffic gap fills; indoor picocell coverage for enterprises; and femtocell coverage for residential and mobile cell sites for disaster recovery.
In August 2008, Vanu raised a round of venture capital worth $32 million that the company used for general working capital purposes, as well as to expand both in the U.S. and abroad. As part of that financing, Promod Haque, managing partner at Norwest Venture Partners, joined Vanu’s board of directors.
With the addition of its $8 million Series A funding, Vanu has now raised approximately $42 million.
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