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Bluesocket picks up $16 million

Bluesocket, a maker of wireless networking gear, has raised $16 million in its second round of funding. Ridgewood Capital and Boulder Ventures co-led the round, with participation from Intel Capital, St. Paul Venture Capital and private investors. The Burlington, Mass.-based company has now raised $20 million in funding, including a $4 million first round from St. Paul and Osborn Capital in 2000. The company makes equipment for wireless LANs (local area networks) that run on protocols such as Bluetooth, 802.11g, 802.11a and 802.11b, which is also known as Wi-Fi. Bluesocket said that Ridgewood Capital and Boulder Ventures would each gain a seat on its board of directors; Matt McConnell, a former Cisco Systems executive and CEO of Compatible Systems, will also join the board.

Bluesocket, a maker of wireless networking gear, has raised $16 million in its second round of funding. Ridgewood Capital and Boulder Ventures co-led the round, with participation from Intel Capital, St. Paul Venture Capital and private investors. The Burlington, Mass.-based company has now raised $20 million in funding, including a $4 million first round from St. Paul and Osborn Capital in 2000.

The company makes equipment for wireless LANs (local area networks) that run on protocols such as Bluetooth, 802.11g, 802.11a and 802.11b, which is also known as Wi-Fi. Bluesocket said that Ridgewood Capital and Boulder Ventures would each gain a seat on its board of directors; Matt McConnell, a former Cisco Systems executive and CEO of Compatible Systems, will also join the board.