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RICHARDSON, Texas-Telecommunications power infrastructure provider Valere Power announced it has received $17 million in its C financing round, following a $6 million investment from JPMorgan Partners.
Valere will use the investment to expand into the European and Asian markets and to introduce its products to enterprise markets. “We have aggressively expanded our product line this year and have seen tremendous acceptance by our U.S. carrier customers,” said Andy Marsh, president and chief executive officer of Valere. “Now is the time to leverage that success overseas and with major enterprise OEMs.”
