Narad Adds $10M to Coffers


Narad Networks raised more than $10 million in funding from existing investors Polaris Venture Partners, Argo Global Capital, Sofinnova Ventures and The Vertical Group.

Narad -- which makes switched Ethernet products that boost bandwidth on hybrid fiber-coaxial cable systems -- said it expects additional closings over the next 90 days.

CEO Michael Collette said in a release: “We have commitments for certification, trial and deployment with multiple major MSOs in the coming months. This additional round of funding will allow us to scale to meet demand.”