Celox Closes $68M Funding

Company Founded To Deliver New Ip Services Platform For Network Service Providers

July 13, 2000

1 Min Read

HUDSON, MA -- Celox Networks, a new company building a highly differentiated carrier-class IP Services Delivery Platform to enable new IP-based network services, today announced it has closed $68 million in second round funding. The company has development centers in St. Louis, Boston and Bangalore, India.

The second round was led by ABS Ventures. Other new investors include Goldman Sachs, Pilot House Associates, Rosewood, Storm Ventures, and Texas Pacific Group. Bruns Grayson, the Managing Partner of ABS Ventures, the venture arm of Deutsche Banc Alex. Brown, has joined the Celox board of directors. ABS has years of experience in networking investments as original investors in Wellfleet and Cascade Communications among many others. The first round investors in the company include Apex Investment Partners, who led the first round, and Bay Partners. Both companies also participated in the second round.

In addition to its new financing, the company also announced that former AT&T executive, Kent Mathy, has joined Celox Networks as President and CEO effective January 2000. Mathy, most recently the Vice President of Global Services at AT&T, started his career at AT&T where he held senior management positions in operations, product marketing and sales. He brings two decades of service provider experience to Celox Networks, where he has served as a director since its founding in June 1999.

http://www.celoxnetworks.com/html/ai_pr2.asp?row=2

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