Organization: Pan Dacom Networking AG

Edgeflow Inc attracts US$24-million private placement

Star-up optical networking firm edgeflow Inc has received a private placement of US$24 million from a syndicate of investors, providing a major boost towards its next milestone of initiating customer trials for its optical add/drop switch (OADX). The investment marks the second financing the Kanata ON-based firm has received in recent months, following a $5.5-million…