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VBrick Systems $22 Million Richer
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Business New Haven
1/21/2002
By: BNH
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WALLINGFORD - VBrick Systems, a provider of low-cost DVD-quality video networking appliances and systems, announced that it has received $22 million in new venture capital in its third institutional investment round of funding. This round was led by Morgan Stanley Venture Partners and also includes funding from Menlo Ventures and participation from prior investors. The funding will accelerate VBrick's global growth strategy, which includes aggressive product and partnership development as well as increased marketing and sales initiatives.
VBrick products enable the delivery of one- and two-way television over digital networks for improved communications, education, training and security. VBrick customers include government agencies such as the White House; universities and educational institutions such as the University of Arkansas and New York public schools; businesses such as Morgan Stanley, Goldman Sachs and Cessna, and others.
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