BeamReach snags $35 million

By Ben Charny
Staff Writer, CNET News

BeamReach Networks, which claims to have created a way for telephone companies to serve more people with less infrastructure, has received a $35 million vote of confidence from investors.

The company announced Monday it closed a second round of financing, with contributions from original investors The Goldman Sachs Group, Sofinnova Ventures, Walden International and Mitsui & Co.'s private equity department. The company also got a new investor in the second round: Bay Area venture capital group Berkeley International Capital.

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