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Meriton picks up $17 million

Meriton Networks announced Monday it received a $17 million second round of funding, led by VenGrowth Capital Partners. Previous investors Desjardins Venture Capital Group, Newbury Ventures, Primaxis Technology Ventures, RBC Capital Partners, Sierra Ventures, Venture Coaches and VentureLink Fund also contributed to the round. Ottawa, Canada-based Meriton Networks has raised a total of $46 million. The company develops wavelength networking equipment.