Littleton, Mass.-based West Ridge Networks closed an $8 million Series A round today.
Co-led by Advent International of Boston and Bay Partners of Cupertino, Calif., the round will be used to finance continued product development. West Ridge, founded in January, is creating a software to increase the reliability and predictability of delivering IP services to large enterprise networks.
The company expects to release its software package by the first half of 2004, says West Ridge CEO Hugh Kelly. Kelly was quiet on the details, but the company’s technology is expected to reduce the cost of operating IP networks by automating certain reliability and predictability functions.
The company plans to go on a hiring spree. It plans to have 30 employees on board by the first quarter of 2004. This round of capital will also be used to build out the company’s infrastructure and to move it into its own offices.
Bay Partners’ Loring Kornblauch and Fawad Zakariya of Advent International sit on the company’s board of directors.