Intune Networks Limited, an Ireland-based telecom equipment design company, has raised $32.5 million in new venture capital funding. Kernel Capital Partners and financier Dermot Desmond co-led the round, with additional funding provided by existing investors Balderton Capital Management (UK), LLP, Amadeus Capital Partners Limited and Spark Capital as well as long term private investors.
In addition, Enterprise Ireland and Invest Northern Ireland also participated in this round of financing.
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