PETALUMA, Calif. -- Gluon Networks, Inc., developer of next-generation converged local switching and access systems for local telecommunication service providers, today announced the closing of $11.235 million in add-on venture financing to its $50 million Series C representing an oversubscription of the initial round. Two new investors, ONSET Ventures and Vanguard Ventures, join US Venture Partners (USVP), New Enterprise Associates (NEA) and JP Morgan Partners (JPMP). This add-on to Round C brings the total financing raised by Gluon Networks to more than $76 million since its formation in late 1999. "We are delighted to have closed a larger round than originally anticipated in January this year, and also to have attracted such overwhelming interest in this round despite recent market conditions," said Jo Anne Miller, President and CEO of Gluon Networks. "This further reinforces our Converged Local Exchange strategy and shows the strong support and confidence we have from the investment community in an uncertain marketplace." US Venture Partners' lead investor for Round C, General Partner, Steve Krausz, stated that, "Round C closed very quickly in January and did not allow enough time for all interested parties to come to the table. We have since reviewed the offers and added ONSET Ventures represented by Rob Kuhling, General Partner, and Vanguard Ventures represented by Larry Schwerin, Partner, to the round." Gluon Networks has released its first product, the CLX, to a series of field trials with several Independent Operating Telephone Companies (IOC) after successful NEBS testing earlier this year. Gluon Networks Inc.