Zama Raises $17.4M, Names CEO

Has appointed Dennis Okamoto, formerly of USWest, to the position of CEO

November 20, 2000

1 Min Read

SEATTLE -- Zama Networks, Inc., a developer of Internet infrastructure and next-generation IP backbone technologies, today announced it has closed $17.4 million in its second round of private equity funding. The latest round of financing included Convergent Investors as the lead and included an investment group comprised of Japan-based Mobile Internet Capital, Inc. (MIC) and Mitsui & Company, Ltd.. The capital will fully finance Zama's current data center needs and the initial deployment phase of its Pacific Rim IPv6 network.

"Zama recognizes that this level of investor support validates the work that we are doing with IPv6," says Dennis Okamoto, CEO of Zama Networks. "We feel that strong financial partners like Convergent Investors will enable Zama to be successful with future business and technology developments."

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