NAUGATUCK, Conn. -- Kenetec Inc., an innovator in the development of next generation broadband access communications systems, today announced it has raised $12 million in its second institutional round of funding, bringing the total investments to date up to $25.5 million. St. Paul Venture Capital led the round, with additional funding from new investor Siemens Mustang Ventures and existing investors Ascent Venture Partners and Commonwealth Capital Ventures. The company plans to utilize the additional funding to expand its sales organization and operations for continued rapid growth, and to further enhance its EdgeXpress™ product family which enables Integrated Communications Providers to deliver cost-effective broadband multimedia services to businesses located in multi-tenant facilities. "Kenetec has identified and developed a promising business opportunity that complements Siemens' product line and strategic direction of convergence," said Gerd Goette, Investment Partner at Siemens Mustang Ventures. "We fully recognize the value of their unique approach to deploying voice, data and multimedia services over a single converged network and feel confident that Kenetec will become a leader in the development of next generation broadband access solutions. We are pleased to support Kenetec in their next phase of growth and look forward to participating in the company's future success." Kenetec Inc.