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Amperion reels in $12.5 million

Amperion said Monday it received a $12.5 million first round of funding from American Electric Power, Redleaf Group and Cisco Systems. Chelmsford, Mass.-based Amperion designs networking hardware and software that allows high-speed broadband data to be carried over medium-voltage power lines. The company's goal is to use existing power lines as a way for telecommunications service providers to deliver broadband service. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Amperion said Monday it received a $12.5 million first round of funding from American Electric Power, Redleaf Group and Cisco Systems. Chelmsford, Mass.-based Amperion designs networking hardware and software that allows high-speed broadband data to be carried over medium-voltage power lines. The company's goal is to use existing power lines as a way for telecommunications service providers to deliver broadband service.

See complete list.