Siverge Networks raises $12m.

Siverge, which was formed in November 2005, develops communications components providing inclusive solutions to infrastructure applications on a single component.

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Newly established Siverge Networks has raised $12 million in its first round of financing, the Herzliya-based company said Wednesday. The fundraising was led by the Cedar Fund and Evergreen Partners. Siverge, which was formed in November 2005, develops communications components providing inclusive solutions to infrastructure applications on a single component.