GENBAND Raises $343.47M

Frisco-based telecom equipment maker GENBAND has raised an enormous, $343.47M in funding, according to information details in the latest PricewaterhouseCoopers/National Venture Capital Association MoneyTree report. No details on that funding have been announced by GENBAND, however, the MoneyTree report said the funding happaned in Q1 sometime, and made the investment round the largest venture capital investment all quarter. GENBAND did not announce any investments, but did announce a major strategic alliance with Samsung in February. More information »