LATEST NEWS
Silicon Valley/San Jose Business Journal - 6:34 AM PDT Monday
Level 5 Networks raises $30M in funding
A second round of venture capital funding has added $30 million to data center productivity product maker Level 5 Networks.
The money in the second round comes from Oak Investment Partners, Accel Partners, Amadeus Capital Partners and IDG Ventures.
"Level 5 Networks' recent $30 million series B funding round clearly
signifies our EtherFabric product line is breakthrough technology with
strong interest from top-tier customers," says Dan Karr, president and
CEO of Level 5 Networks, in a written statement.
Level 5 Networks, of Sunnyvale, says it will use the $30 million series
B investment to continue development of future generations of
high-performance Ethernet products and to support the market
penetration of its current products and services.
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