Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Force10 Rakes It In

Force10 Networks Inc. today announced a $74.9 million round of funding, a sum it says will allow it to become a public company next year.

The company has raised $284 million to date, a considerable pile for a company that started life in 1999. Meritech Capital Partners and Morgenthaler co-led the latest funding round, with new investor Crosslink Capital joining existing investors U.S. Venture Partners, New Enterprise Associates (NEA), and WorldView Technology Partners.

Force10 has recently made some notable customers wins, including NASA, the Department of Homeland Security, NTT-ME , and MCI Inc. (Nasdaq: WCOEQ, MCWEQ).

VP of marketing Andrew Feldman predicts that the company will be profitable next year, while expanding its sales operation to about 100 people from 55.

That momentum helped Force10 claim the pole position in Light Reading's list of Top 10 Private Companies (see Force10 Networks).

  • 1