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Jedai Raises Another $10M

By Matt Stump -- Multichannel News, 4/18/2003 7:45:00 AM

Jedai Broadband Networks Inc., which is pitching cable operators a broadband data and voice solution for small and midsized businesses, raised $10 million in its second financing round.

Jedai has raised $50 million since its inception.

Sandler Capital Management, Intel Capital, Spencer Trask Ventures Inc. and Weiss, Peck & Grier Networking Fund returned as investors.

Jedai said it's working to raise an additional $5 million. The company added that it will use the working capital to expand rollouts of Jedai product.

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