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Tech Industry

Crossbeam Systems drums up $18 million

Crossbeam Systems announced Monday that it raised $18 million in a third round of funding. Investors included Matrix Partners, North Bridge Venture Partners, Commonwealth Capital Venture Partners, Intel Capital and Charles River Ventures. Crossbeam Systems develops security software that consolidates security engines such as firewalls, virtual private networks and intrusion detection. The Concord, Mass.-based company has raised a total of $52 million.