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Parama Closes $7 Million for its SONET-on-a-Chip

Parama Networks, a start-up based in Santa Clara, California raised $7 million in a Series B round of funding for its SONET “ADM-on-a-Chip.” The funding led by Menlo Ventures and completed by the other current investors: Azure Capital Partners, Cross Bridge Ventures, Network Angel Capital and Sprout Group. http://www.paramanetworks.com

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