CENX Raises $9.5M in Funding
CENX, Inc., a Winnetka, IL-based provider of Carrier Ethernet interconnect systems and services, has raised $9.5m in funding.
The round was led by Verizon Investments LLC, a subsidiary of Verizon Communications Inc., and Mesirow Financial Private Equity, Inc., with participation from current investors DCM, Highland Capital Partners, and Wasatch.
The company intends to use the capital to increase system, engineering and support resources.
Led by Nan Chen, Co-Founder & President, CENX has developed Carrier Ethernet Interconnect Systems & Services designed to enable wireless and wireline operators to build, manage and optimize their Ethernet/IP networks cost-effectively for 4G mobile backhaul and enterprise access, and deliver the following values: