Wednesday, February 21, 2007

Narad Raises $10 Million in Venture Capital - Westford, MA

Narad Networks, a Westford-based provider of technology for enhancing the bandwidth of hybrid fiber/coaxial (HFC) cable systems, has raised a fresh $10 million in venture capital. Polaris Venture Partners, Argo Global Capital, Sofinnova and Vertical Group participated in the investment deal, which will include additional closings over the next 90 days, Narad said on Wednesday. CAIW launched the first high-speed wireless service using Narad's technology in 2004. Narad's customers now include Cablevision, Coop City/State of New York and Delta Cable in Canada. The company is in trials and deployments with cable operators worldwide.


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