x
Funding for startups

Force10 Takes $51 Million

Force10 Networks Inc. has quietly racked up over $50 million in Series F funding, ostensibly to lay the foundation for a public offering sometime in the next few months.

The 10-Gbit/s Ethernet switch specialist refused to comment on the funding when contacted by Byte and Switch today, although documents recently filed with the Securities and Exchange Commission (SEC) reveal that the vendor raised around $51 million in an equity offering to 43 investors.

The cash influx brings the switch vendor's total funding to around $350 million and puts the firm's long-term strategy in the spotlight once again. (See Force10 Orders One More Round.)

Get the rest of the story at Byte and Switch.

— James Rogers, Senior Editor, Byte and Switch

Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE