Force10 Puts $41M in the Bank
MILPITAS, Calif. -- Force10 Networks, Inc. today announced it has closed $41 million in new funding, bringing the total investment in the company to $209 million. Investors in this financing round include New Enterprise Associates (NEA), U.S. Venture Partners (USVP), Worldview Technology Partners, Amerindo Investment Advisors, and Pacesetter Capital Group, among others. “Raising this amount of money in today’s market environment is a testament to Force10’s technology leadership position and customer success,” said Dick Kramlich, co-founder and general partner, New Enterprise Associates. “Force10 is winning many new customers across multiple application segments, and this new funding will take the company to profitability. I see a very exciting future for Force10.” Force10 Networks Inc.