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Article: Inari Secures $12 Million in Third Round of Funding; Strategic Partner Thomson Multimedia Leads Round.
- Article from:
- PR Newswire
- Article date:
- June 13, 2000
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DRAPER, Utah, June 13 /PRNewswire/ --
Inari (formerly Intelogis), the leading developer of Powerline networking technology, today announced it has closed $12 million in venture capital and strategic partner financing, bringing Inari's total amount of funding to $29 million.
Leading the third round of funding is Inari's strategic partner Thomson Multimedia (NYSE: TMS), the world's fourth largest consumer electronics firm. Thomson joins Inari's previously announced strategic partner, Globespan, Inc. (Nasdaq: GSPN), a leading developer of digital subscriber line (DSL) chipsets. Additionally, Nth Power Technologies, Zeron Group and Smart Technology Ventures, ...