« GPON semiconductors supplier BroadLight closed $12 million financing round | HomePage | eBay to acquire online risk tools provider Fraud Sciences for $169 million »
01/16/2008
Networking devices provider Dune Networks raised $12 million
Dune Networks, a provider of networking devices for Metro Ethernet, Enterprise and Data Center platforms, had closed a $12 million investment round led by US Venture Partners (USVP).
Dune’s existing investors; Alta Berkeley Ventures, Aurum Ventures, Cipio Partners, Jerusalem Venture Partners, Pitango Venture Capital and its strategic investors participated in the financing round. This additional funding brings the total amount of funding raised to date to $45 million.
"Dune has established itself as the leading vendor of high performance packet switching solutions," said Chris Rust, General Partner at USVP, who joined Dune's Board as part of the investment. The new funding is to be used to accelerate development of new product lines while expanding sales and support of existing customers.
Dune Networks is a supplier of networking devices facilitating the build of Data Center, Enterprise and Carrier Ethernet platforms. Founded in 2000 by Eyal Dagan, Dune is located in Sunnyvale, California with an R&D center in Yakum, Israel.
Israel Science Technology Blog Ads – Mobile Sites Creator | Off-deck Portals Solutions | iGoogle Online Flash Games
11:25 Posted in Networking | Permalink | Email this