Inkra Gets $26.5M, Launches Subsidiary

Carrier-class systems startup completes its initial funding round, launches Canadian subsidiary

November 15, 2000

1 Min Read

FREMONT, Calif. -- Inkra Networks, a start-up company designing a new class of carrier system that delivers streamlined and enhanced services for the Internet data center, today announced it has raised $26.5 million in initial funding. Battery Ventures and Norwest Venture Partners co-lead the funding round, with additional investment made by Storm Ventures and Greenstone Venture Partners. These firms have helped build some of the world's largest, most successful networking companies, including Akamai Technologies, Extreme Networks, Qtera, Brocade Communications, Cerent, Yipes Communications and Verio.

http://www.inkra.com/news/releases/funding.htm VANCOUVER, B.C. -- Inkra Networks, a Silicon Valley-based start-up company designing a new class of carrier system that delivers streamlined and enhanced services for the Internet data centers, today announced the formation of Inkra Networks Canada. A wholly-owned subsidiary of its parent company, Inkra Networks Canada is building a world-class engineering team focused on software development for advanced network management and Internet services. The subsidiary currently employs eight engineers and plans to expand to more than 50 by the end of 2001.

http://www.inkra.com/news/releases/inkra_canada.htm

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