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December 7, 1997updated 03 Sep 2016 12:39pm

JUNIPER WINS FURTHER FINANCING

By CBR Staff Writer

Juniper Networks, the high-speed networking start-up that has yet to ship any product but is winning over some of the industry’s largest players as investors, has won further funding. The Anschutz Family Investment Company LLC has invested $2.5m in Juniper, which says it will use the money to define and test Juniper’s IP networking product family. Anschutz has a majority stake in Qwest Communications International Inc. In September, Juniper announced that it had received $40m in equity financing from Ericsson Inc, Lucent Technologies, Northern Telecom, the Siemens/Newbridge alliance, 3Com Corp, and WorldCom Inc’s subsidiary, UUNet Technologies Inc. The latest investment and prior venture financing brings the total investment in Juniper to $62m.

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