Force10 Takes $51 Million
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.)
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— James Rogers, Senior Editor, Byte and Switch