Gateway Vendor Gets Cash


Austin, Texas-Broadband gateway vendor
General Bandwidth Inc
. said it has completed a $47 million round of financing led by Thomas Weisel Partners and SBC Communications Inc. subsidiary SBC Venture Capital Corp. The latest investment included, General Bandwidth has raised about $83 million over the last year.

General Bandwidth, which has in its equipment portfolio a voice-over-broadband gateway for cable, digital subscriber line and wireless infrastructures, said it will use the funds for research and development and to fuel expansions into Europe and Canada.