Thursday, November 30, 2006

NextHop Scores $4.8M

Mountain View-based NextHop Technologies has inked a $4.8M Series C funding, the firm said today. The funding came from existing investors New Enterprise Associates, Duchossois Technology Partners, Labrador Ventures, and Parker Price Venture Capital. The funding brings the company's total raised to $41.8M. NextHop develops network software used in wired and wireless networks, used to shorten time to market for network hardware manufacturers. The firms will be used for its product and to expand sales channels. More information »