Kenetec snags $12 million

Kenetec said Tuesday that it has raised $12 million in a second round of funding, led by St. Paul Venture Capital. Siemens Mustang Ventures and previous investors Ascent Venture Partners and Commonwealth Capital Ventures also participated in the latest round. Naugatuck, Conn.-based Kenetec has raised a total of $25.5 million. Kenetec develops software and operates a service that sends multimedia services over networks, regardless of a business' size. See complete list.

Tech Industry

Kenetec said Tuesday that it has raised $12 million in a second round of funding, led by St. Paul Venture Capital. Siemens Mustang Ventures and previous investors Ascent Venture Partners and Commonwealth Capital Ventures also participated in the latest round. Naugatuck, Conn.-based Kenetec has raised a total of $25.5 million. Kenetec develops software and operates a service that sends multimedia services over networks, regardless of a business' size.

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