Narus secures $30m in fresh funding

02 Nov 2006

(Associated Press via NewsEdge) Narus has raised $30 million in new capital to fund development of next-generation products and expand overseas sales.

The new financing announced consists of $20 million in cash and a $10-million line of credit. It was led by American Capital Strategies, with existing Narus investors JPMorgan Chase & Co., Mayfield Fund, Pacven Walden Ventures and NeoCarta Ventures also participating.

Narus sells data-mining equipment that lets companies and other entities sift through the information in Internet traffic and identify nuggets of interest in e-mail, users' Web-surfing and even Internet phone calls.

The technology drew attention earlier this year in the controversy over the Bush administration's secretive program to monitor Americans' communications without warrants.

Related content

Follow Telecom Asia Sport!
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.