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Xalted Networks raises $21 million

Xalted Networks has raised a $21 million first round of funding, led by BlueStream Ventures, Granite Ventures, Charter Ventures and Alliance Ventures. Representatives from BlueStream and Granite will receive seats on the company's board. Plano, Texas-based Xalted develops hardware for telecommunications companies designed to allow them to provide high-speed access over existing copper wires and fiber-optic cables.

Xalted Networks has raised a $21 million first round of funding, led by BlueStream Ventures, Granite Ventures, Charter Ventures and Alliance Ventures. Representatives from BlueStream and Granite will receive seats on the company's board. Plano, Texas-based Xalted develops hardware for telecommunications companies designed to allow them to provide high-speed access over existing copper wires and fiber-optic cables.