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Turin gets $58 million

Optical equipment maker Turin Networks said Wednesday that it raised $50 million in its third round of funding and expects to soon garner an additional $8 million, bringing its total funding to $130 million. Doll Capital Management led the round, which included new investors such as RWI Group, Tako Ventures and individual venture capital investor Don Lucas. Previous Turin investors Sequoia Capital, Van Wagoner Capital Management, and solo investors Don Green and BJ Cassin also participated in the round. Turin makes telecommunications gear that runs on SONET (Synchronous Optical Network) and Ethernet protocols. The gear handles data for metropolitan networks, or networks that operate within cities, as opposed to long-haul networks, which ship data between urban areas. Many other equipment makers such as Cisco Systems and Alcatel also compete in this area.

Optical equipment maker Turin Networks said Wednesday that it raised $50 million in its third round of funding and expects to soon garner an additional $8 million, bringing its total funding to $130 million. Doll Capital Management led the round, which included new investors such as RWI Group, Tako Ventures and individual venture capital investor Don Lucas. Previous Turin investors Sequoia Capital, Van Wagoner Capital Management, and solo investors Don Green and BJ Cassin also participated in the round.

Turin makes telecommunications gear that runs on SONET (Synchronous Optical Network) and Ethernet protocols. The gear handles data for metropolitan networks, or networks that operate within cities, as opposed to long-haul networks, which ship data between urban areas. Many other equipment makers such as Cisco Systems and Alcatel also compete in this area.