Tuesday, May 11, 2004

Pure Networks lands $7 million in funding

Pure Networks, whose software is used to help people set up home computer networks, has raised $7 million in venture funding. The Seattle startup received the money from Mayfield and Ignition Partners. Total financing now stands at $9 million.

The number of home networks is expected to more than double to 30 million by the end of 2008, according to Parks Associates. Pure Networks employs 16 people. About 50,000 people have downloaded its Port Magic product.

From the article "Pure Networks lands $7 million in funding" By John Cook and Dan Richman

Next: Pure Networks gets more money -- $12.5 million -- but sheds some staff

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