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Cedar Point funded in second round

Mon, 03/31/2003 - 7:00pm
Staff

The market may be soft, but that didn't stop IP telephony startup Cedar Point Communications from scoring $25 million in a second round of funding.

Germany-based STAR Ventures led the round, with participation from Charles River Ventures, Battery Ventures, Comcast Interactive Capital and Ascent Ventures, which also participated in an initial funding round that netted Cedar Point about $19 million.

Cedar Point's claim to fame is the SAFARI C3, a PacketCable-based product that combines several components–including the call management server, record keeping server, media gateway controller and signaling gateway–into one device.

Derry, N.H.-based CedarPoint presently has trial relationships with Comcast Corp. and MetroCast Cablevision.

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