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Short Take: Avici grabs $40 million in financing round

High-end networking equipment start-up Avici Systems announced it has secured more than $40 million in a third round of venture financing. New investors in the maker of a high-end switching and routing device include Donaldson, Lufkin & Jenrette, J.P. Morgan, and Meritech. This round of financing complements other funds from existing investors. Avici also announced that Deutsche Telecom plans to test its Terabit Switch/Router, or TSR.

    High-end networking equipment start-up Avici Systems announced it has secured more than $40 million in a third round of venture financing. New investors in the maker of a high-end switching and routing device include Donaldson, Lufkin & Jenrette, J.P. Morgan, and Meritech. This round of financing complements other funds from existing investors. Avici also announced that Deutsche Telecom plans to test its Terabit Switch/Router, or TSR.