Caspian Networks raises big money
(UPDATE: The actual amount is $55 million, and company has raised a total of $317 million over its lifetime. Merc story today -- Monday -- is here. And the PE Week report we cite below was accurate. It's just that Caspian raised the money in a couple of "tranches")
We were asked to hold this until Monday, but the cat is (partly) out of the bag, since PE Week mentions it today in its wire (no link today, it's broken).
PE didn't get the full news though. It reporting that Caspian Networks, the next generation San Jose router company, raised $31.4 million, according to a regulatory filing it found. But the real number is actually way higher -- which perhaps PE missed by reporting early.
Caspian has raised a huge amount of money over the years, including a $120 million in 2002, but it is now finally getting traction. We'll drag the cat out entirely on Monday, including how it is taking on Cisco and Juniper in some cutting-edge areas...