Thursday, September 15, 2005

BWA Vendors Grab Cash

CEO Reza Ahy expects the final amount of Series E funding to be “around $20 million.

We believe this round is enough to take us to cashflow positive and to fund our new WiMax product line, he tells Unstrung. We have revenue of approximately $10 million per quarter. Founded in 1999, Aperto has a headcount of 125."

[Unstrung]

If I were a betting man, I'd bet against Mr. Ahy's comment that this is their last round of financing. Check back again in 18 months.

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