Arriso Networks raises $16.7 million

Broadband services provider Arriso Networks announced this week that it has raised $16.7 million in an initial round of funding led by venture capital firms InterWest Partners, CenterPoint Ventures and Sevin Rosen Funds.

The Richardson, Texas-based company develops telecommunications products for converged networks. The money will be used for all operations, with emphasis on research and development. A spokeswoman said Arriso has customers, but cannot give their names due to non-disclosure agreements.