Tech Company Financing Transactions
Axerra Networks Funding Round
Axerra Networks, based in Waltham, secured $15.3 million from Johnson & Johnson Development Corporation and Signal Peak Ventures.
Transaction Overview
Company Name
Announced On
3/28/2007
Transaction Type
Venture Equity
Amount
$15,300,000
Round
Series B
Investors
Johnson & Johnson Development Corporation (Lead Investor) (Roger Guidi)
Signal Peak Ventures (Dinesh Patel)
Proceeds Purpose
The funds raised in this financing will be used to accelerate Axial Biotech's product development efforts and to prepare for the launch of its scoliosis genetic test late next year.
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
411 Waverley Oaks Rd. 331
Waltham, MA 02452
USA
Waltham, MA 02452
USA
Phone
Website
Email Address
Overview
Axerra Networks is the leading provider of circuit emulation and service emulation solutions over packet access networks. Axerra's Pseudo-Wire solutions enable mobile wireless operators, cable operators, competitive service providers, and incumbent carriers to extend IP plus legacy data and voice services in native format over Ethernet, IP, and MPLS networks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Hezi Lapid
Chief Financial Officer
Asher Avital
Chief Technical Officer
Alex Tal
General Manager
Reinhard Florin
VP - Human Resources
Rachel Zussman
VP - Operations
Yaniv Pichoto
VP - R & D
Guy Kronenthal
VP - Sales
Gil Itkin
VP - Sales
Yosi Ronen
Browse more venture capital transactions:
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Next: 3/28/2007: LitePoint venture capital transaction
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We document every notable VC transaction. VC transactions reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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