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$5M for Akorri Networks

Ryan McBride 9/11/09

Akorri Networks, a Littleton, MA-based provider of software for physical and virtual IT infrastructure, has raised $5 million in equity financing of a proposed $5.9 million round of private capital, according to an SEC filing. The news website PE Hub reports that Akorri has previously raised more than $45 million from BlueStream Ventures, Matrix Partners, North Bridge Venture Partners, and Sigma Partners.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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