Vpacket Communications announced Monday that it has raised more than $40 million for its third round of funding. NIF Ventures/Daiwa Securities Group led the round, which also included GE Asia Pacific Capital Technology Fund, Intel Communications Fund and previous investor New Enterprise Associates. Milpitas, Calif.-based Vpacket has raised a total of $60 million and received a 50 percent increase in its valuation with the latest round, a spokesman said. The company develops equipment designed to improve the quality of voice-over Internet Protocol networks by prioritizing voice packets as they travel through networks. If the voice quality drops below a designated threshold, the network operator is notified to fix the situation.
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Discuss: Vpacket Communications raises $40 million
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