Packet Design takes $12M, likely the final round
Network routing and traffic analysis equipment maker Packet Design has raised a fourth round of funding, according to VentureWire.
This round, which Packet Design expects to be its last, will be used expand internationally.
This $12 million round following a $7.5 million third round secured in late 2006. An acquisition is the likely end game given the poor state of the IPO market, Packet Design board member Wes Raffel told VentureWire.
The Santa Clara, Calif.-based company was first financed in 2003. Advanced Technology Ventures, Masthead Venture Partners and Mayfield Fund led the round. Juniper Networks Inc., a new investor, also participated.
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About the Author, MG Siegler
MG Siegler writes about technology trends and new media for VentureBeat, with a focus on mobile topics, social elements and key news stories. Before that, MG wrote about technology on his blog, ParisLemon. Originally from Ohio, MG attended the University of Michigan where he studied film. He's previously lived in Los Angeles where he worked in Hollywood and in San Diego where he did web development. He now lives in San Francisco.