Packet Design Secures $12,000,000 Series D Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=47f64bce-ea72-4ce7-8884-233b83349e65&Preview=1 -
Date
9/15/2008 -
Company Name
Packet Design -
Mailing Address
2455 Augustine Drive Santa Clara, CA 95054 -
Company Description
Packet Design, Inc., develops and markets network solutions that leverage the distributed intelligence of the Internet Protocol (IP) to enhance the reliability, efficiency and predictability of IP networks. -
Website
http://www.packetdesign.com -
Transaction Type
Venture Equity -
Transaction Amount
$12,000,000 -
Transaction Round
Series D -
Proceeds Purposes
The new funding will be used to expand the company’s network management product line and grow its international sales force, and is expected to carry the company to a break-even cash flow by the end of 2009. -
M&A Terms
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Venture Investor
Advanced Technology Ventures -
Venture Investor
Masthead Venture Partners -
Venture Investor
Mayfield Fund
