Affirmed Networks Nabs $11M

Waltham, MA-based Affirmed Networks, a stealth telecom startup, has raised $10.9 million out of an equity offering of $11.5 million, according to a regulatory filing. The news was reported earlier by Mass High Tech, which confirmed the company is being incubated at Charles River Ventures and is also backed by Matrix Partners. The report says Affirmed Networks was co-founded by Harris Fishman and Hassan Ahmed, former execs at Sonus Networks.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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