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Narad Adds $10M to Coffers

2/21/2007 1:01 AM Eastern

Narad Networks raised more than $10 million in funding from existing investors Polaris Venture Partners, Argo Global Capital, Sofinnova Ventures and The Vertical Group.

Narad -- which makes switched Ethernet products that boost bandwidth on hybrid fiber-coaxial cable systems -- said it expects additional closings over the next 90 days.

CEO Michael Collette said in a release: “We have commitments for certification, trial and deployment with multiple major MSOs in the coming months. This additional round of funding will allow us to scale to meet demand.”

 

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