Why would venture capitalist firm Andreessen Horowitz lead a $15.5 million B round of funding for a company that’s been working in stealth mode since 2008 on a technology it won’t showcase until 2013? Because that company, ItsOn, was cofounded by a couple of former Cisco executives, Greg Raleigh and Charles Giancarlo. Raleigh has taken the helm as ItsOn’s chairman and CEO, while Giancarlo serves on the company’s board. Raleigh worked on MIMO wireless technology, and Giancarlo led Cisco’s product development and management activities for 10 years.
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ItsOn Snags VC Funding for a la Carte Mobile Data Service
Posted by: Richard Adhikari October 31, 2012 05:00 AMWhy would venture capitalist firm Andreessen Horowitz lead a $15.5 million B round of funding for a company that’s been working in stealth mode since 2008 on a technology it won’t showcase until 2013? Because that company, ItsOn, was cofounded by a couple of former Cisco executives, Greg Raleigh and Charles Giancarlo. Raleigh has taken the helm as ItsOn’s chairman and CEO, while Giancarlo serves on the company’s board. Raleigh worked on MIMO wireless technology, and Giancarlo led Cisco’s product development and management activities for 10 years.