Wednesday, May 14, 2008

InnerWireless Garners $9.5M in Debt Financing

Dallas-based InnerWireless Inc., an installer of in-building converged wireless networks, has received a $9.5 million investment in the form of debt financing from the Silicon Valley Bank, that bank reported Wednesday. InnerWireless, the bank said, will use the money to fuel growth and meet increasing market demands. Headquartered in Santa Clara, Calif., Silicon Valley Bank is a member of the SVB Financial Group. The commercial bank specializes in loans to technology- and life science-oriented companies of all sizes.