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Edgeflow gets $24 million

Edgeflow announced Monday it has raised a $24 million first round of funding, led by Sierra Ventures and Newbury Ventures. Other investors include Desjardins Venture Capital Group, Primaxis Technology Ventures, RBC Capital Partners Telecom Fund, BTG, Pan Dacom Networking AG and previous investor Venture Coaches. Ottawa-based Edgeflow develops switches for optical networks that are designed to integrate optical switching and transmissions within a single unit. The equipment is designed to reduce costs and complexity in the networks for telecom carriers and service providers.

Edgeflow announced Monday it has raised a $24 million first round of funding, led by Sierra Ventures and Newbury Ventures. Other investors include Desjardins Venture Capital Group, Primaxis Technology Ventures, RBC Capital Partners Telecom Fund, BTG, Pan Dacom Networking AG and previous investor Venture Coaches. Ottawa-based Edgeflow develops switches for optical networks that are designed to integrate optical switching and transmissions within a single unit. The equipment is designed to reduce costs and complexity in the networks for telecom carriers and service providers.