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Matrix NetSystems gets $6 million

Matrix NetSystems raised $6 million in a second round of funding from Meritage Private Equity Funds. The Austin, Texas-based company will use the financing in its sales and operational activities to support revenue growth. Matrix provides services that help businesses monitor and manage the Internet traffic on their networks. In March 2001, Matrix raised $12 million in its first round of funding, a round co-led by TL Ventures and Meritage.

    Matrix NetSystems raised $6 million in a second round of funding from Meritage Private Equity Funds. The Austin, Texas-based company will use the financing in its sales and operational activities to support revenue growth. Matrix provides services that help businesses monitor and manage the Internet traffic on their networks. In March 2001, Matrix raised $12 million in its first round of funding, a round co-led by TL Ventures and Meritage.