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Pluris, a Cupertino, Calif.-based developer of scalable, fault-tolerant routers for the Internet core, said it has raised $53 million in the initial closing of its latest financing round.
JP Morgan Partners, ComVentures, and Crescendo Ventures co-led the round, which included participation from other existing investors. The company continues to pursue additional funding opportunities with new investors.
The company did not specifically say which round this was.
The funding will enable the company to further its research and development activities for its TeraPlex IP/MPLS core router, support ongoing and new customer lab and field trials, and expand marketing, sales, and support, officials said.
The company said it continues its trial work with Deutsche Telekom. It also initiated additional trials at two North American service providers last quarter.
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