Irvine-based Aktino Inc. recently closed $16 million in a second round of funding.
The funding comes on top of a $10 million round last year.
Menlo Park’s Foundation Capital LLC, the Irvine office of Woodside’s Crosspoint Venture Partners LLC and Corona del Mar’s Miramar Venture Partners LLC kicked in money in the latest round.
Aktino’s founders have been coy about giving details on the company, which seems to be targeting telecommunications networks.
The company’s “products for broadband transmission create a new category of performance and reliability for broadband services over the carriers’ existing access networks,” according to Aktino.
Aktino founder Ray Nagele is a former product manager at Tustin-based PairGain Technologies Inc., now part of Minneapolis-based ADC Telecommunications Inc.
