MILPITAS, CA, Oct. 20 -- Tarana Wireless today announced a $30 million preferred stock financing led by new investor Prime Movers Lab. Others participating in the round included new investors Liberty Latin America Ventures and Liberty Global Ventures, as well as individual and previous investors. The proceeds will be used to continue customer trials of Tarana's revolutionary Gigabit 1 (G1) wireless broadband solution and to prepare for and commence the commercial launch of its G1 products.

Dakin Sloss, partner at Prime Movers Lab and recently appointed member of Tarana's board of directors stated, "We invest in companies that can have a transformative impact on people's lives. Tarana's remarkable breakthroughs in radio performance will d...