SnowShore Networks has raised $20M in second-round funding from St. Paul Venture Capital, Charles River Ventures, and Matrix Partners

August 9, 2001

1 Min Read

CHELMSFORD, Mass. -- SnowShore Networks, an emerging telecommunications company dedicated to IP enhanced communications infrastructure products, today announced it has raised $20 million of second round equity funding. St. Paul Venture Capital led the financing with existing investors Charles River Ventures and Matrix Partners also participating. The capital will be used to deliver and aggressively market SnowShore’s line of media servers. "The strength of this new round of funding is a testament to our market opportunity, SnowShore’s position within the market, our achievements, and the strength of our management and engineering team," said Joel Hughes, SnowShore Networks’ CEO. "With the deployment of voice over IP networks underway, carriers are under pressure to deliver revenue-generating services immediately. SnowShore’s media servers provide the infrastructure necessary to meet this critical business objective."SnowShore Networks

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