CNET también está disponible en español.

Ir a español

Don't show this again

Mobile

Yipes gets $200 million

Yipes Communications, a communications carrier serving businesses with gigabit Ethernet networking technology, has raised $200 million in a round of funding that closed Monday. The company has now raised $291 million since its inception in July 1999. Yipes' cash infusion is impressive considering the tougher times many start-up technology and communications companies have had raising venture capital money. VCs, skittish after the tumultuous year the stock markets have had, are scrutinizing start-ups more closely. Investors include Intel, Soros Private Equity and several investment banks. Yipes offers network connections with speeds of 1Mbps or up to 1Gbps in 20 markets nationwide.

    Yipes Communications, a communications carrier serving businesses with gigabit Ethernet networking technology, has raised $200 million in a round of funding that closed Monday. The company has now raised $291 million since its inception in July 1999.

    Yipes' cash infusion is impressive considering the tougher times many start-up technology and communications companies have had raising venture capital money. VCs, skittish after the tumultuous year the stock markets have had, are scrutinizing start-ups more closely. Investors include Intel, Soros Private Equity and several investment banks. Yipes offers network connections with speeds of 1Mbps or up to 1Gbps in 20 markets nationwide.