Intune Raises $17.75M
Intune Networks, a maker of optical switching products, announced it has raised $17.75 million from a consortium of investors: Amadeus Capital Partners, Balderton Capital (formerly Benchmark Capital Europe) and Spark Capital.
Intune was formed in Dublin, Ireland in 1999 by John Dunne, chief marketing officer, and Tom Farrell, chief technology officer.
Last August, the company recruited Tim Fritzley, a senior executive in Microsoft’s Internet Protocal TV (IPTV) division, as its chief executive.
Intune said the funding will enable it to develop new products for telecommunications markets.
"Intune has the technology to solve some key problems for the large carriers, particularly with guaranteed service quality and network robustness," Fritzley said. "The proceeds of the funding round give management the resources to accelerate its strategy."
For more information, visit:
www.intunenetworks.com
LATEST NEWS
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024
- One-Step Hologram Generation Speeds 3D Display Creation
Apr 24, 2024
- Innovation Award Winners for Laser Technology Honored in Aachen
Apr 23, 2024
- Intech 2024: AI Arrives on the Shop Floor
Apr 22, 2024