Brilliant Raises $13.2M

CAMPBELL, Calif. -- Brilliant Telecommunications, Inc. (Brilliant), a developer of next-generation network synchronization and time solutions, today announced it has secured $6.1 million in Series B funding, bringing Brilliant's total raised capital to $13.2 million. ONSET Ventures led the round with participation from Asset Management, Draper Associates, Draper Richards, and additional strategic investors. Series B funds raised will be used to expand sales efforts, support on-going field trial and deployment activities.

"This financing round provides the opportunity for Brilliant to augment our product development efforts as well as expand market penetration in the US and internationally." said Dr. Charles Barry, president and chief executive officer, Brilliant Telecommunications. "The continued confidence shown by our investors ensures that we will continue to realize our vision of delivering timing solutions for today's TDM-based networks while offering a migration path to IP-rich technologies and lead the way for carrier-class IP backhaul networks."

Brilliant Telecommunications Inc.