Dune Networks Bags $12M

Funds to be used to accelerate development of new product lines and revenue growth

January 14, 2008

1 Min Read

SUNNYVALE, Calif. -- Dune Networks, a provider of networking devices for Metro Ethernet, Enterprise and Data Center platforms, today announced that it recently closed a $12M series B investment round led by U.S. Venture Partners.

All of Dune’s existing investors; Alta Berkeley Ventures, Aurum Ventures, Cipio Partners, Jerusalem Venture Partners, Pitango Venture Capital and its strategic investors participated in the financing round. This additional funding brings the total amount of funding raised to date to $45M. The new funding is to be used to accelerate development of new product lines while expanding sales and support of existing customers.

“Dune welcomes USVP’s leading role in our latest round of financing, and is grateful for the continued confidence of our existing investors," said Dune Networks’ CEO, Eyal Dagan. "We strengthen our financial position to accommodate the rapid increase of customer’s projects, while accelerating the development of new devices.”

Dune Networks

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