Monday, October 30, 2006

Narus Gets $30M

Mountain View-based Narus, a provider of software for managing IP-based traffic, said today that it has received $30M in expansion financing. The funding included $20M in equity and $10M in a revolving line of credit. Funding was led by American Capital STrategies Ltd., and included participation from existing investors Mayfield, Pacven Walden Ventures, JP Morgan Partners, and NeoCarta Ventures. More information »