Start-ups

DataPower Technology, a start-up developing XML-aware network infrastructure, named Jim Ricotta as its new president and CEO. Ricotta was most recently the General Manager of Cisco Systems' Content Networking division...

Net6, a start-up based in San Jose, California, secured $8.5 million in second round funding for its network-based application transformation gateways, which deliver business applications to wired and wireless user...

Capella Photonics, a start-up based in San Jose, California, raised $7 million in Series B funding for its forthcoming line of optical subsystems targeted at metro and long-haul networks. Products...

CIENA will acquire WaveSmith Networks, a start-up based in Acton, Massachusetts, for its multiservice edge switching systems. The WaveSmith platform is designed for central office switching and applications such as...

Galazar Networks, a start-up based in Ottawa, Canada, secured CDN$22.7 million for its portfolio of multi-service, Ethernet and data service framers. Galazar's flagship framer chip begins shipping to customers this...

NEC signed a multi-year worldwide reseller agreement with Overture Networks, a start-up based in Research Triangle Park, North Carolina that offers multi-service products for metro Ethernet/IP networks. Overture Networks has...

Broadmargin, a start-up based in Fairfax, Virginia, raised $21 million in private equity investment for its software and services for telecom cost management. Broadmargin's proprietary BillTamer Cost Management software application...

Navini Networks, a start-up based in Richardson, Texas, raised an additional $25 million in Series C funding for its non-line-of-sight, wireless broadband technology. Over the past several months, Navini has...

Silverback Systems, a start-up based in Campbell, California, raised $15 million in third round funding. The company is developing IP-centric networked storage acceleration technology. Silverback's iSNAP (Storage Network Access Processor)...

Packet Design Inc., a start-up based in Palo Alto, California, raised $14.25 million in Series B venture funding for its IP routing control plane developments. Packet Design's initial product, Route...

LeftHand Networks, a start-up based in Boulder, Colorado, raised $20 million in Series B financing for its IP-based SAN solutions. LeftHand's Distributed Storage Matrix includes storage virtualization and management capabilities...

Taqua, a start-up based in Richardson, Texas, secured over $20 million in new funding to support its next generation Class 5 switching system. Taqua's flagship OCX incorporates softswitch, signaling and...

Axiowave, a start-up based in Marlborough, Massachusetts, closed $45 million in Series C funding, bringing the total funding to date to $96 million. Axiowave is developing intelligent core and metro...