Mazu Networks picks up $12 million

Mazu Networks raised $12 million in a second round of funding. New investor Pilot Ventures Group led the round, which included participation from the company's first-round investors Greylock, Matrix Partners and Benchmark Capital. Cambridge, Mass.-based Mazu Networks makes network-security software for businesses and will use the new financing to support its sales and product-development activities.

June 5, 2002 1:24 p.m. PT

Mazu Networks raised $12 million in a second round of funding.

New investor Pilot Ventures Group led the round, which included participation from the company's first-round investors Greylock, Matrix Partners and Benchmark Capital. Cambridge, Mass.-based Mazu Networks makes network-security software for businesses and will use the new financing to support its sales and product-development activities.