SoftSwitching Closes Second Round of FundingJuly 17, 2000 by Jeff Shepard
SoftSwitching Technologies Corp. (SST, Madison, WI) announced that it has closed a second round of funding totaling $6.18 million. Among those participating in the funding are the Beacon Group Energy Investment Fund II, L.P., and Venture Investors Early Stage Fund II, L.P."The financial backing of a premier investment group such as Beacon, and the strong support of a local VC group such as Venture Investors, validates SST's technology and market-entry strategy with the Dynamic Sag Corrector (DySC) product." said Dr. Deepak Divan, SST's founder and CEO. "This rounding of funding will help us scale-up our manufacturing and sales."