Clarendon Raises Cash, Opens HQ
The opening of Clarendon's new headquarters follows recent equity financing of $18 million from leading start-up venture investors in the telecommunications industry. Investors include Sevin Rosen Funds, http://www.srfunds.com; New Enterprise Associates (NEA), http://www.nea.com; Vortex Partners, http://www.vortexpartners.com; and Ampersand Ventures, http://www.ampersandventures.com. The company is positioned for rapid growth from a venture backed start-up to a manufacturer of telecommunications components. In addition to its new facility investment, Clarendon is acquiring top technical talent for research & development and for the packaging and reliability testing of its devices.