Rave Wireless Raises $4M in Equity Financing
Published On December 30, 2010 |
Rave Wireless, Inc., a Framinghan, MA-based provider of safety mobile applications, has raised $4m in equity financing, according to a SEC regulatory filing.
Investors are not listed in the filing but existing shareholders include Sigma Partners, Bain Capital Ventures, and RRE Ventures, whose members seat on the board of the company along with CEO Tom Axbey and Chairman Shikhar Ghosh.
Rave designs, sells and supports a suite of safety applications including:
- Rave Alert multimodal emergency notification system,
- Rave Guardian GPS-enabled personal safety tool,
- Smart911 for more effective 9-1-1 responses.
Customers include organizations and individuals nationwide, who use the company’s technologies for improved safety in communities, at schools, in the home, and at work.