Packet Design Secures $12,000,000 Series D Funding

  • Feed Type
  • 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
  • Venture Investor
    Advanced Technology Ventures
  • Venture Investor
    Masthead Venture Partners
  • Venture Investor
    Mayfield Fund

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