BOSTON– Altiostar Networks Inc., founded by high-tech serial entrepreneur Ashraf M. Dahod, which has already raised $140 million in funding, appears to have raised another $30 million, Boston Business Journal reported.
Quoting a new regulatory filing, Boston Business Journal said that the newest equity funding comes from a total of seven investors and brings total company funding to nearly $200 million.
Tewksbury, MA-based company was founded by Dahod in 2011. Altiostar has raised $70 million in funding — including a $50 million round in 2013 from networking giant Cisco Systems (Nasdaq: CSCO), according to Boston Business Journal.
Before founding Altiostar, Dahod had co-founded Starent Networks, which was acquired by Cisco Systems in 2009. Prior to Starent, Dahod had co-founded NetCore Systems, Inc, Sigma Network Systems, Inc and Applitek Corporation.
Dahod holds a Master of Business Administration degree from Harvard University, Master of Science in Electrical Engineering from Stanford University, Master of Engineering Management from Northeastern University, Bachelor of Science degree in Electrical Engineering from the University of Michigan and a Bachelor of Science degree in Physics from the University of Bombay. His other activities include: Patron, Saifee Hospital, Mumbai; Patron, Saifee Burhani Upliftment Trust, Mumbai; Member of Dean’s Advisory Board and India Advisory Board, Harvard Business School.