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BayPackets scores more funding

Wed, 04/30/2003 - 8:00pm
Staff

BayPackets Inc. has secured $21.7 million in series-C funding, extending its total to $43.7 million raised thus far.

BayPackets, a Fremont, Calif.-based company that carries a PacketCable-based record keeping server (RKS) among its wares, said it will use the funds to expand its sales and marketing activities.

Investcorp and TL Ventures co-led the latest round, which included funding by new investor Intel Capital and from previous investors Blueprint Ventures, Diamondhead Ventures, INC3 Ventures, Lucent Venture Partners and TeleSoft Partners.

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