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April 1, 1997updated 05 Sep 2016 12:24pm


By CBR Staff Writer

Xedia Corp, Littleton, Massachusetts-based broadband access device vendor, has received $4.8m of venture capital from a group led by Greylock Management Corporation. This brings the total capital invested in the privately-held company to $11.7m, since its establishment in 1992. The new round of finance will fund the development of the company’s oddly-named project Velociraptor, a set of broadband Internet access products worked on by engineers in the fields of IP routing, traffic management, embedded RISC systems, web-based network management and real-time operating systems. Project trials with internet service providers are set to begin this month, and the first demonstration of Xedia products is scheduled for NetWorld+Interop in Las Vegas, early in May.

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