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Celox lands $80 M in third round

Mon, 07/16/2001 - 8:00pm
Anne Kerven

Celox Networks closed an $80 million third round of financing, led by Putnam Investments and Firsthand Capital Management Inc. The round brings the IP service company to a total $155 million since January 1999.

Celox says the round will fund ongoing product development and "ramp up" production of the company's Celox SCx 192, a switch designed to let carriers, ILECs, ISPs, cable operators and other such customers aggregate and deliver IP services over any access connection.

The switch delivers up to 80 Gbps of actual throughput, incremental support for "millions" of simultaneous sessions, and support for network interfaces that range from DS-3 to OC-192c.

The deal had several new investors, including Dain Rauscher Wessels, J.P. Morgan Capital and Pacesetter Capital, as well as former investors involved, Celox reports.

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