Broadband Fundings Today


* Sylantro Systems, an IP-PBX vendor raised $11 million, and that brings the total funding upto $106 million. Why is the company being shy about its fifth round of funding? Maybe because their post-investment valuation is $99.4 million, Light Reading says. Have their cumulative revenues passed the total funding raised? And whatever happened to the IPO plans?

* Motricity, a mobile software company raised an additional $40 million in funding from Advanced Equities who lead the round, along with dollars from existing investors New Enterprise Associates and Technology Crossover Ventures. Total funding raised so far: $120 million.

* Intel invested in Zensys, developer of the Z-Wave mesh networking technology for wireless home control and automation. Z-Wave competes with Zigbee technology.

* One Connect IP gets $5 million and SkyPilot Networks is looking for $25 million.

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