CipherOptics Closes $21M Financing In Round Led By Adams Capital
CipherOptics Inc. completed a $21 million financing in a round that was oversubscribed. Existing investor Adams Capital Management of Pennsylvania led the round, which attracted new investors: Blue Heron Capital, Intuitive Venture Partners, Next Stage Capital, Kestrel Asset Management and other individuals. CipherOptics also named Mike Kane and John Gerdelman to its board. Kane works for Kestrel Asset Management. CipherOptic, which provides scalable network encryption services, will use the capital to accelerate development of its technology and for expansion into new markets.
11 January 2011•2 mins read
