Jedai Raises Another $10M - Multichannel

Jedai Raises Another $10M

Author:
Publish date:

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.

Related