Independence-based 7SIGNAL has closed a $7 million Series C financing round that will support a variety of growth initiatives and platform enhancements as it continues to grow its global customer base.
Investments in the company's SaaS-based Wi-Fi performance management platform, which provides continuous, real-time monitoring, alerting and recommendations for optimizing Wi-Fi networks, will benefit 7SIGNAL's enterprise customers.
7SIGNAL has raised $18.3 million in funding to date, according to Crunchbase. Investors include Westlake-based Mutual Capital Partners, Cleveland-based JumpStart, Toledo-based CoreNetwork Fund and Carmel, Indiana-based Allos Ventures.
The company’s analytics provide insight into device performance, wireless LAN adapter and software driver performance, in addition to identifying roaming aggressiveness versus stickiness, band preference and interference caused by radio resource management and other external sources.
"Our customers are saying that it's devices…not networks that are often the issue,” 7SIGNAL's Founder and Chief Innovation Officer Veli-Pekka Ketonen said in a statement. “Innovations from wireless network vendors are outpacing what organizations can consume. So now there's tens of thousands of devices in organizations that have fallen behind in terms of performance expectations."
Russell Wangler, CTO of 7SIGNAL, added: "There are hundreds of wireless LAN adapters from dozens of manufacturers, not to mention thousands of versions of software drivers. At 7SIGNAL, we're bringing clarity to the relationship between the device and the Wi-Fi network, and in the process, helping organizations, decrease downtime, achieve greater efficiency and increase personal productivity."
