AvaLAN Wireless Systems, Inc., a Madison, Alabama-based company developing industrial wireless technology, has raised over $700k in Series B financing.
The round was led by the Huntsville Angel Network, with additional participation from the Auburn Angel Network and a number of private individual investors including Pete Bodine and Spencer Tall who are both managing directors at Allegis Capital in Palo Alto, California.
The company intends to use the company to accelerate its growth into new markets and new products.
Founded in 2004 and led by CEO Matt Nelson, AvaLAN Wireless develops and manufactures long range industrial wireless radio technology. The company’s products are designed to enable affordable wireless connections in perimeter or remote locations. Specializing in the unlicensed 900 MHz, 2.4 GHz and 5.8 GHz radio bands, AvaLAN offers a number of Ethernet bridge products and point-to-multipoint wireless networking products.
The company has remote offices in California and Canada.