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Blue Ridge Networks raises $10 million

Blue Ridge Networks announced Thursday it raised a $10 million second round of funding, led by SpaceVest. Other investors include North Atlantic Venture and Knickerbocker Capital. Chantilly, Va.-based Blue Ridge Networks has raised a total of $11.5 million, with the latest round an increase in valuation. The company provides a service that enables companies to offer secure communications over the Internet via outsourced virtual private networks.

Blue Ridge Networks announced Thursday it raised a $10 million second round of funding, led by SpaceVest. Other investors include North Atlantic Venture and Knickerbocker Capital. Chantilly, Va.-based Blue Ridge Networks has raised a total of $11.5 million, with the latest round an increase in valuation. The company provides a service that enables companies to offer secure communications over the Internet via outsourced virtual private networks.