Tuesday, November 22, 2005

Raptor Networks Raises $7.7 Million for Distributed Switching

Raptor Networks Technology, a supplier of modular switching technologies for video, VOIP, high speed storage and other latency sensitive network applications, announced $7.728 million in equity financing led by Brookstreet Securities Corporation. The terms of the transaction include warrants that give the investors the right to purchase additional common stock which, if exercised, would increase the total value of the funding to over $20 million.

Raptor Networks' has developed a "Distributed Network Switching Technology" blurs the distinction between core switching and edge switching. The company is based in Santa Ana, California.

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