Pluris raises $53 million in initial closing of latest round
February 21, 2002--Pluris, developer of scalable, fault-tolerant routers for the Internet core, has raised $53 million in the initial closing of its latest financing round.
Pluris, developer of scalable, fault-tolerant routers for the Internet core, has raised $53 million in the initial closing of its latest financing round. JP Morgan Partners, ComVentures, and Crescendo Ventures co-led the round, which included participation from other existing investors. The company continues to pursue additional funding opportunities with new investors.
The funding will enable the company to further its research and development activities for its TeraPlex IP/MPLS core router, support ongoing and new customer lab and field trials, and expand marketing, sales, and support.
"What excites us most about the opportunity at Pluris is the strength of customer testimonial coming out of the current trials," contends David Britts, partner at JP Morgan Partners. "They confirmed their requirement for scalable platforms in their core IP/MPLS backbone upgrades, and they're impressed with the performance, functionality, and interoperability of the TeraPlex platform."
The company continues its trial work with Deutsche Telekom and initiated additional trials at two North American service providers last quarter.
For more information about Pluris (Cupertino, CA), visit the company's Web site at www.pluris.com.