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Edgeflow Secures Funding of $24 Million

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OTTAWA, Canada, Sept. 21 -- Edgeflow Inc., a developer of an advanced metro optical networking element called an optical add/drop switch (OADX), announces the completion of a US $24 million Series A round of funding. The funding will be used to expand the company's activities in sales, customer service, as well as further market and product development. The lead investors in this round were Sierra Ventures and Newbury Ventures, a private equity firm focused on investments in communications and information technology companies. Joining seed investor Venture Coaches in this round, new investors...Read full article

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    Published: September 2001
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