Product category:
Networking Hardware
News Release from: Dilithium Networks
Edited by the Electronicstalk Editorial
Team on 29 April 2003
Funding allows for global expansion
Dilithium Networks has closed $10 million in Series B funding.
Dilithium Networks has closed $10 million in Series B funding Motorola Ventures and Jafco Asia invested in this second round of funding
This article was originally published on Electronicstalk on 13 Nov 2003 at 8.00am (UK)
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Dilithium Networks' previous investors also participated in the financing, including Ericsson Technology Fund, Deutsche Bank Capital Partners and CM Capital.
The new capital will be used to expand global sales and support efforts, as well as to support ongoing research and development efforts.
"This funding represents an important milestone for Dilithium Networks and it will enhance our ability to support our growing global customer base", said Paul Zuber, Chief Executive Officer of Dilithium Networks.
Dilithium Networks' flagship product, DCT 2000, which incorporates the company's patent-pending Unicoding technology, is the first carrier-class, high density multimedia gateway allowing connectivity between 3G-324M based wireless networks and H.323 based packet networks.
"We believe that Dilithium Networks' Unicoding technology may have far-reaching potential in the 3G space", said Warren Holtsberg, Motorola Corporate Vice President and Director of Motorola Ventures.
"Motorola Ventures views Dilithium Networks as a key player in driving multimedia services over 3G networks".
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