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Wireless company picks up $10 million

Bluesocket announced Monday it raised a $10 million third round of funding, led by Menlo Ventures. Also contributing to the round were existing investors Ascent Venture Partners, Boulder Ventures, Intel Capital, Ironside Ventures, Osborn Capital, Ridgewood Capital and St. Paul Venture Capital. Menlo Ventures will also take a seat on Bluesocket's board of directors. Bluesocket, based in Burlington, Mass., has raised a total of more than $32 million. The company develops wireless gateways for local area networks. The gateways are designed to provide security and help manage Wi-Fi networks.