CradlePoint Technology Scores $7.5M

Boise, Idaho-based CradlePoint Technology announced this morning that it has raised $7.5M for the firm's 4G/3G routers and software. The firm said the Series B was led by OVP Venture Partners, and also included current investors Highway 12 Ventures. CradlePoint is headed by Pat Sewall. CradlePoint's cellular routers are focused on enterprise customers. As part of the funding, OVP's Gerry Langeler joins the company's board. More information »