Intune Networks receives funding round of $17.75 million Dublin,
9th August 2007 – Intune Networks, a leading developer of technology for telecommunications networks, is pleased to announce that it has raised $17.75m from a consortium of international investors consisting of Amadeus Capital Partners, Balderton Capital (formerly known as Benchmark Capital Europe) and Spark Capital.
Intune Networks was formed in Dublin in 1999 by John Dunne, chief marketing officer, and Tom Farrell, chief technology officer. Over the past eight years, the Intune team has developed a global reputation for their expertise in lasers, and this fund-raising will provide the resources to commercialise their innovations for the telecommunications market.