Wednesday, August 8, 2007

Intune Raises US$17.75 Million

Intune Networks, a start-up based in Dublin, Ireland, raised US$17.75 million. The company designs, develops and manufactures networking equipment for the global telecommunications industry. Intune has been shipping products based on its core tunable laser technology since 1999 into a variety of industries.

The new funding from a consortium of international investors consisting of Amadeus Capital Partners, Balderton Capital (formerly known as Benchmark Capital Europe) and Spark Capital.

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