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Akara Gets $30 Million from VC, Corning

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OTTAWA, July 6 -- Akara, a provider of optical service management solutions, has secured $30 million in second round funding led by VenGrowth, a Canadaian venture capital firm. Also participating was Corning Innovation Ventures, a division of Corning Inc. that strategically invests in optical networking companies, Dain Rauscher Wessels Morgan Keegan, Presidio Venture Partners LLC, Sumitomo Corporation, and first round investors Battery Ventures and Greylock Partners.    Akara's optical service management solution, which comprises the Optical Utility Services Platform (OUSP) and Optical...Read full article

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    Published: July 2001
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