Sedona Systems Obtains $13,600,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7b7724c2-1c92-4c3f-8c98-83dfaccd77d1
Date
8/5/2016
Company Name
Sedona Systems
Mailing Address
21631 Stevens Creek Blvd. Cupertino, CA 95014 USA
Company Description
Sedona Systems has created NetFusion, the first multi-layer application platform, focusing on optimization & control of the optical and IP layers (L0-L3) of network operators.
Website
http://www.sedonasys.com
Transaction Type
Venture Equity
Transaction Amount
$13,600,000
Transaction Round
Series B
Proceeds Purposes
The company, which has raised $19.6m, intends to use the funds to accelerate global sales to service providers and conduct R&D activities to broaden the product portfolio.
M&A Terms
Venture Investor
Intel Capital
Venture Investor
NexStar Partners
Venture Investor
Bessemer Venture Partners