Overture Raises Curtain

Metro IP startup Overture Networks Inc. has completed its Series A round of funding led by Gray Ventures

July 30, 2001

1 Min Read

RESEARCH TRIANGLE PARK, N.C. -- Overture Networks Inc., thedeveloper of a unique class of multi-service products that enables carriersto deliver voice and data services over a metro IP network, today announcedthat it has completed its Series A round of funding for a total of $3.4Million. Gray Ventures, a firm that invests in early-stage technologycompanies, led the financing and was joined by several investment groups andindividuals. The company plans to use the investment to expand OvertureNetworks’ team and complete development and testing of the productsscheduled for carrier lab trials later this year.Overture Network’s President and CEO, Jeff Reedy, stated: "The end user’srelentless demand for bandwidth has fundamentally altered the way carriernetworks are being designed and deployed. We're proud that this group ofexperienced investors sees the value that our company brings to the networkservice provider market.”Overture Networks Inc.

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