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Axcelerant pulls in $9 million

Axcelerant raised $9 million in its second round of funding, led by new investors Gemini Investors and Baird Venture Partners. Riordan, Lewis & Haden, which led the company's $10 million first round, also contributed. Axcelerant provides VPN (virtual private network) security software and services to large businesses and will use the funding to boost sales, marketing and product-development activities. A VPN uses data encryption to securely connect two private networks over the Internet. The technology is more secure than a dial-up connection and is cheaper than buying a dedicated communication line. Axcelerant's customers include Broadcom, Conexant, Oracle, PeopleSoft and Sun Microsystems.

Axcelerant raised $9 million in its second round of funding, led by new investors Gemini Investors and Baird Venture Partners. Riordan, Lewis & Haden, which led the company's $10 million first round, also contributed. Axcelerant provides VPN (virtual private network) security software and services to large businesses and will use the funding to boost sales, marketing and product-development activities.

A VPN uses data encryption to securely connect two private networks over the Internet. The technology is more secure than a dial-up connection and is cheaper than buying a dedicated communication line. Axcelerant's customers include Broadcom, Conexant, Oracle, PeopleSoft and Sun Microsystems.