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Internet Photonics Closes 3rd Funding Round

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SHREWSBURY, N.J. and MARLBOROUGH, Mass., August 2 -- Internet Photonics Inc. announced it has closed its third round of venture financing for $31 million with new investors ComVentures, which led the round; TeleSoft Partners; and previous investors Sprout Group and New Venture Partners LLC. As a result of the financing, Cliff Higgerson, general partner and co-founder of ComVentures, will join Internet Photonics' board of directors. To date, Internet Photonics has raised $63 million since it opened in October 2000. The new funding will be used for increased sales, marketing and customer...Read full article

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    Published: August 2002
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