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Hammerhead secures $30 million more

By Jim Duffy , Network World , 01/31/2006

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Multiservice edge switch maker Hammerhead Systems this week said it closed $30 million in Series C funding, led by new investors Silver Creek Ventures and Apex Venture Partners.

The other existing investors that participated in the round brings the total equity raised to $80 million. The funds will be used to expand sales, marketing and customer support in North America and internationally, as well as accelerate product development and establish volume manufacturing.

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Silver Creek and Apex have also joined the Hammerhead board.

Privately held Hammerhead was founded in 2002. The company's HSX 6000 switch is designed to aggregate legacy and next-generation Layer 2 services using MPLS Pseudowire technology.

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Hammerhead has a strategic partnership with Fujitsu Network Communications in North America for distribution, joint marketing, product planning, and customer support and services.

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