05/05/2009
Switching solutions provider Dune Networks raised additional $8.3 million
Switching solutions provider Dune Networks has expanded its second investment round by raising an additional $8.3 million from Evergreen Venture Partners. Last year Dune raised 12 million from USVP, Pitango, Aurum, JVP and Alta Berkeley in series B financial round. This additional funding brings the total amount of funding raised to date to $53 million.
"Despite the fact that Dune recently reached profitability and maintains a strong cash position, we decided to take additional cash to further improve our balance sheet and to safely expand our operation," said Eyal Dagan, Dune Networks founder and CEO.
Dune Networks is a semiconductor supplier of networking devices, facilitating the build of Data Center, Enterprise and Carrier Ethernet Solutions. Dune provides a switching solution that extends the life cycle of packet platforms from the legacy 3 years up to 10 years and more. Founded in 2000 by Eyal Dagan, Dune is located in Sunnyvale, California with an R&D center in Yakum, Israel.
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14:24 Posted in Networking | Permalink | Comments (0) | Email this | Tags: dune, eyal dagan, evergreen, usvp, pitango, aurum, jvp, alta berkeley
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.
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11:25 Posted in Networking | Permalink | Comments (0) | Email this | Tags: dune networks, networking devices, metro ethernet, enterprise, data center