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Veraz kicks off with $30 million

Veraz Networks announced Wednesday it received a $30 million first round of funding. The round was led by ECI Telecom, which spun off a subsidiary that merged with NexVerse Networks to create Veraz Networks. Other investors include Argonaut Private Equity and previous investors Norwest Venture Partners, Battery Ventures, Levensohn Venture Partners and Kleiner Perkins Caufield & Byers. San Jose, Calif.-based Veraz Networks develops telephony software.