Galazar Networks secures CDN$22.7 million for Ethernet/SONET Framer

Galazar Networks, a start-up based in Ottawa, Canada, secured CDN$22.7 million for its portfolio of multi-service, Ethernet and data service framers. Galazar's flagship framer chip begins shipping to customers this quarter. The funding round involved both new and existing investors, including Skypoint Capital Corporation, VenGrowth Capital Partners, Katsura Investments, Desjardins Venture Capital Group, RBC Capital Partners and Goldman Sachs. Galazar has raised over CDN $33 million to date.
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