Netrake Rakes in $20M

PLANO, Texas -- Netrake, a leader in the rapidly emerging Session Controller market for IP networks, today announced that it has secured $20 million in its third round of funding. TL Ventures led the round with return funding support from existing investors, Austin Ventures and Trinity Ventures. Netrake has raised more than $50 million in capital to date. This latest round of financing will support the company's aggressive nCite product rollout program and further support global carrier VoIP initiatives.

"Netrake has demonstrated measurable achievements with a number of customer field trials underway and several near completion," said Eric Rothfus, Managing Director at TL Ventures. "Netrake is one of the few bright spots in the telecommunications sector right now."

Netrake Corp.