"Caspian, the leading supplier of high-performance flow-state solutions for the telecommunications industry, today announced that it has secured an additional $55 million in funding. This new round of funding includes existing investors Oak Investment Partners, U.S. Venture Partners, Morgenthaler Ventures, New Enterprise Associates, Alloy Ventures and ABN-AMRO. Caspian will use the new capital to expand and strengthen global marketing and sales initiatives."
[Press Release]
"Last week, the PE Week Wire reported that Caspian had raised $31.4 million (according to an SEC filing). It turns out that the $31.4 million was the round's second tranche, whereas the initial $22 million was raised in 2004. U.S. Venture Partners led the deal, and was joined by fellow return backers Oak Inv*stment Partners, Morgenthaler Ventures, New Enterprise Associates, Alloy Ventures and ABN Amro. The company has raised over $300 million in total VC funding since its 1999 inception, including a $120 million Series A recap in 2002 at a post-money valuation of approximately $195 million. "
[PE Wire]
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