Raptor Networks Technology Inc. landed $7.7 million in funding in a stock sale led by Brookstreet Securities Corp. of Irvine, the company said Wednesday.
Santa Ana-based Raptor, which makes switching systems that speed up computer networks, said investors have the right to buy more shares that could boost the funding to more than $20 million.
“We anticipate that this round of financing will add momentum to Raptor Networks’ market entry initiatives,” said Chief Executive Tom Wittenschlaeger.
Raptor sells its gear to the Department of Defense and telecommunications and healthcare companies.
Shares of the company, which trade on the over-the-counter bulletin board, were up 2 cents to 54 cents a share on Wednesday.
