Tuesday, August 29, 2006

Azaire Networks Secures $21 Million for FMC

Azaire Networks, a start-up based in Santa Clara, California, raised $21 million in new funding for its Fixed Mobile Convergence (FMC) solutions.

Azaire Networks' IP Converged Network Platform (IP-CNP) enables service providers to offer mobile broadband services through the creation of hybrid networks that integrate cellular and IP access networks (such as Wi-Fi and WiMAX).

The new funding was led by Investor Growth Capital and existing Series B investors Convergence Partners, Rustic Canyon Partners and Woodside Fund also participated in the round.



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