Centec Close Series C Financing of $10.7M

Centec Networks, a leading innovator of carrier-grade IP/Ethernet switching silicon and advanced ODM/OEM system solutions, announces successful completion of a $10.7M financing round. Delta Venture Enterprise, Infinity I-China Investments (Israel) and SuZhou Rongda are among those who participated in the round. This round of financing demonstrates continuing investor confidence in the company and its technology.
Centec has delivered a series of silicon (TransWarpTM Series) and system products, covering a wide range of carrier access and aggregation market. Centec's cutting-edge silicon products and system solutions enable telecom/network equipment vendors to build complete product portfolios with reduced development costs and improved time-to-market.
The funds raised will primarily be used to accelerate Centec's global market expansion and customer support, subsequent product/technology development.
Author:      Published at:2011/8/3 18:24:31