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Altiostar Networks Is up to $140M in Funding after New Raise


ash_dahod
Altiostar CEO Ash Dahod (photo courtesy of Matrix Partners)

Networking startup Altiostar Networks—whose CEO is Ashraf Dahod, formerly the founder of Starent Networks—has disclosed adding $20 million in funding to its latest round.

The new funding was disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission. The money is an addition on top of the company's $50 million raise that was disclosed in January.

Investors in the Tewksbury, Mass.-based company have included Cisco SystemsExcelestar Ventures and the company's founders.

Altiostar has now raised $140 million in equity funding since 2012, according to SEC filings, making the firm one of the best-funded tech companies in Boston.

In November, the startup came out of stealth mode with its technology focused on improving LTE networks.

Previously, Dahod founded Tewksbury-based Starent in 2000 and was its CEO through its IPO in 2007 and its acquisition by Cisco in 2009 for $2.9 billion.


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