PacketHop raised $10 million in its third financing round on August 7, 2005. GF Private Equity Group led the round, joined by existing investors US Venture Partners, Mayfield and ComVentures. The company developed software that let Wi-Fi devices form mobile mesh networks, and Dealroom later recorded PacketHop as merged into The Comtek Group in July 2007.
Who funded PacketHop’s further $10 million?
Fierce Network reported that GF Private Equity Group led PacketHop’s third-round financing, with US Venture Partners, Mayfield and ComVentures also participating. The report identified the financing as $10 million and was published on August 7, 2005: Fierce Network’s 2005 funding report.
What did PacketHop’s software do?
PacketHop’s Communication System software enabled 802.11 Wi-Fi devices to form autonomous mobile mesh networks, which could operate with or without wireless access points, according to Fierce Network. In practical terms, participating devices could relay communications to extend a network beyond one access point and help it function where fixed infrastructure was unavailable. That explanation follows from the network description; the report does not provide technical performance measurements.
An earlier account from Converge Digest said the software could run on standard IP-radio-equipped laptops, tablets and PDAs, without fixed base stations or access points. It described the result as “a secure, scaleable and robust mobile broadband network”: Converge Digest’s 2004 Series B report.
#1 Best Overall
How the financing fits the company’s history
Dealroom’s company profile lists PacketHop as a Redwood City company launched in 2003, with a spinout involving SRI International and Stanford University in January of that year. Its funding chronology shows three rounds before the reported merger:
| When | Financing or event | Reported amount or detail |
|---|---|---|
| June 2003 | Series A | $3.9 million, according to Dealroom’s PacketHop profile |
| August 2004 | Series B | $10 million; Converge Digest reported ComVentures led the round |
| August 2005 | Third round / Series C | $10 million; GF Private Equity Group led, with US Venture Partners, Mayfield and ComVentures participating, according to Fierce Network |
| July 2007 | Acquisition / merger | Dealroom records PacketHop as merged into The Comtek Group |
Dealroom is a secondary company database, so its entries are useful for the broader chronology; the August 2005 financing details come from contemporaneous Fierce Network coverage.
Rank #2
- Ideal for Gifting
- Ideal for a bookworm
- Compact for travelling
Which markets was PacketHop targeting?
Converge Digest’s 2004 account said PacketHop initially targeted homeland security. By 2005, Fierce Network described the software as intended for enterprise, government and consumer markets. Dealroom identifies mobile mesh networking, broadband communications and server-less applications as the company’s core focus.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What happened to PacketHop after the raise?
Dealroom lists PacketHop as acquired and records a July 2007 merger with The Comtek Group. The available record establishes that corporate outcome, but does not detail the terms of the merger or what happened to the software afterward.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Quick Recap
Best Value
- It can be a gift option
- Comes with secure packaging
- Helpful in various ways
Rank #4
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
