More Funding for Narad

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Narad Networks Inc. said Wednesday that it has secured an additional $16.25 million in financing.

Polaris Venture Partners led Narad's series-B financing round, joined by other industry investors including Sofinnova Venture Partners, Vertical Group, YAS Broadband Ventures LLC, Origin Partners, Optical Capital Group, General Catalyst, CommVest Partners, Aurora Technology Fund LLC and Allen & Co.

Narad's network equipment and "Services Lifecycle" software allows MSOs to offer a wide array of competitively priced services to commercial customers without requiring a full plant upgrade.

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