Pronto Networks raises $11.3 million
Pronto Networks announced Monday that it raised $11.3 million in a series B round of funding, the proceeds of which will go toward expanding its sales and marketing operations in Europe and Asia. The Pleasanton, Calif.-based company sells software and services to hot-spot operators to help with configuration, access control, security, billing and roaming. Hot spots are public areas where subscribers can wirelessly connect to a network and use resources such as broadband Internet access. Pronto expects hot-spot services to grow rapidly in Europe and Asia this year.
The round was led by BV Capital. Draper Fisher Jurvetson and Intel Communications Fund also participated in the round.
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