Sands Brothers Venture Funds led the $22.5 million round, bringing total financing to $55 million

March 30, 2001

1 Min Read

SAN JOSE, Calif. -- Tiara Networks announced today that it has completed its next round of funding to secure an additional $22.5 million, which brings the total financing to $55 million since the company's founding in late 1997. Sands Brothers Venture Funds led the round, which also involved 100 percent participation of existing investors including Bowman Capital, Interwest Partners, Mayfield, New Enterprise Associates, and Worldcom Ventures; and new investors Comdisco, Inc., Dain Rauscher Wessels, NetNet Ventures, and Schoffstall Ventures.

"Tiara Networks is the right company at the right time," said Howard Sterling, chief operating officer of Sands Brothers Venture Funds. "Today, bandwidth is available. The crucial need is to manage and monitor the high-bandwidth needs of large and small network subscribers and increase services in a manner that will save money, increase reliability for purposes of QoS and SLAs, and provide integrated capabilities at the edge, the fastest growing part of the network."

http://www.tiaranetworks.com

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like