Ranovus bags additional $24 mln in venture capital funding
Ranovus Inc, a Canadian provider of multi-terabit interconnect solutions for data centre and communications networks, has secured an additional US$24 million in financing from new and existing investors. Canadian and international venture capital firms that back the company include Azure Capital Partners, BDC Capital, Export Development Canada, MaRS Investment Accelerator Fund, OMERS Ventures and T-Venture. Update: Founded in 2012, the Ottawa-based Ranovus plans to use the new funding to accelerate its expansion plan to support product delivery to global customers. The company raised an original $11 million round in September 2013.
9 October 2014•5 mins read
