The company, which develops content delivery acceleration for hosted web sites, is located in Tel Aviv's Kiryat Atidim
Israeli start-up Magnifire Websystems has raised $3 million from existing investors Lucent Venture Partners and Jerusalem Venture Partners (JVP). They had invested $5.5 million in the company in the past.
Magnifire develops content delivery acceleration for hosted web sites. Tel Aviv Stock Exchange-listed Telkoor Telecom, which earlier invested $500,000 in the company, did not participate in the current round.
Magnifire is located in Tel Aviv's Kiryat Atidim.
Published by Globes [online] - www.globes.co.il - on September 3, 2002