Ceterus collects another $20 million
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Ceterus Networks collected another $20 million in funding, the equipment vendor announced today, raising its total funding to nearly $60 million.
Intel Capital led the round, followed by other existing investors Sevin Rosen and ComVentures and joined by new investor Aldus Equity.
The five-year-old company, which sells circuit-bonding carrier Ethernet gear, will use the new funds to aid “large customer infrastructure rollouts and market expansion.”
In a statement released today by Ceterus, Intel Capital praised the vendor’s traction among large carriers for wireless backhaul and enterprise data services. Ceterus’ products also help deliver new data technologies such as WiMax, aligning it with Intel strategy, the chip giant’s investment arm said.
Ceterus’ funding round follows a string of funding injections among Ethernet-over-copper start-ups. In January, Actelis Networks announced $22 million in new capital to fund “corporate expansion.” Last summer Hatteras Networks announced a $21-million round, raising its total investment to $89 million, and Anda Networks announced a $10.5-million E round.
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