Exinda raises $12m in Series B funding
Boston technology company Exinda said Thursday that it has secured $12 million in a Series B funding round.
Exinda provides support services for corporate customers that rely on telecommunications networks known as WANs, or wide area networks. Companies use these networks to manage their operations and connect with employees. The increase of mobile and remote users of these networks is putting additional strain on them. Exinda’s technology helps its corporate customers to optimize their wide area networks.
In a press release, Exinda said participants in its Series B round included existing investor OpenView Venture Partners of Boston and new investor Greenspring Associates.
The funds will be used as working capital as Exinda looks to continue executing on an “aggressive growth strategy” that includes international expansion, the company said.
Chris Reidy can be reached at [email protected].