Monday, March 28, 2005
Occam Raises Series A-2
Santa Barbara-based Occam Networks said this morning that it has completed a Series A-2 Private Placement from existing venture capital and a new strategic investor. The company said it raised $4.925M from 545,979 shares of its stock. Occam is a developer of broadband loop carrier networking equipment which converges voice, data, and video services. The company's equipment allows telecommunications providers to deliver voice and broadband to residences and businesses. Occam is backed by Alta Partners, New Enterprise Associates, Norwest Venture Partners, and US Venture Partners.