Force10 Round Hits $113M
The 10-Gbit/s Ethernet switch specialist quietly clinched the first slice of funding a couple of weeks ago, raising over $50 million in an equity offering to 43 investors. A document filed with the SEC a few days ago reveals that the firm has significantly extended the scope of this offering, bringing in more than $113 million from a total of 63 investors.
Execs at Force10 refused to comment on the round, which brings the vendor's total funding to north of $400 million and once again casts a spotlight on its IPO plans. (See Force10 Orders One More Round and Force10: Where's the Exit? .)
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