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Movaz Networks Closes $60 Million in Funding

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ATLANTA, May 6 -- Movaz Networks, provider of optical networking solutions for the Metro Edge, Metro Access and Metro Core, has announced the closing of $60 million in funding consisting of Series C financing and a strategic business agreement. Eight existing and new investment firms participated in the financing, including Oak Investment Partners, Worldview Technology Partners, Menlo Ventures, Meritech Capital Partners, Anschutz Investment Co., Telus Ventures, Silicon Valley BancVentures Inc. and GATX Ventures Inc. Bijan Khosravi, CEO, Founder and Chairman of Movaz Networks, said "We...Read full article

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