Pinpoint Networks has closed on a new round of financing worth $8 million, the company announced this morning.

Massey Burch Capital, a new investor, led the round.

Also participating are Pinpoint’s existing investors, including Noro-Moseley Partners and Wakefield Group.

Pinpoint, which provides software and services for the wireless industry, said the funds will be used for product development, global sales and business development and marketing as well as account management.