CNET también está disponible en español. Don't show this again. Vernier Networks said Monday that it has raised $24.2 million in its second round of funding, bringing the company's total financing to $34.5 million. Allegis Capital and Financial Technology Ventures led the round, and each gained a seat on the company's board of directors. The company's previous investors such as Foundation Capital, Doll Capital Management, Masthead Venture Partners and Weber Capital Management also participated in the round. Vernier makes equipment for wireless LANs (local area networks) that run on 802.11 technology. The Mountain View, Calif.-based company will use the cash to accelerate product development, expand sales and marketing activity, and support its ongoing business operations.

Vernier Networks said Monday that it has raised $24.2 million in its second round of funding, bringing the company's total financing to $34.5 million, Allegis Capital and Financial Technology Ventures led the round, and each gained a seat on the company's board of directors, The company's previous investors such as Foundation Capital, Doll Capital Management, Masthead Venture Partners and Weber Capital Management also participated in the round, Vernier makes equipment for wireless LANs (local area networks) that run on 802.11 technology, The Mountain self-healing screen protector for iphone 8 View, Calif.-based company will use the cash to accelerate product development, expand sales and marketing activity, and support its ongoing business operations..

CNET también está disponible en español. Don't show this again. The company also said the San Francisco center was losing millions of dollars every month. Fifty-six customers in Los Angeles and San Francisco will have to relocate or find a new service provider. MFN plans to continue operating its Web hosting business and emerge from bankruptcy with theunit still intact, said Carbone. The company had said it would reduce costs by closing "non-productive properties (including idle data centers)" when it filed for Chapter 11 in May with $3.3 billion in debt.

The recent loss of key customers, including eBay, may have hastened the consolidation of data centers inCalifornia, Ebay spokesman Kevin Pursglove said the online auctioneer stopped using MFN's services a few months ago in an effort to diversify its Web hosting providers, Ebay signed a Web hosting deal with Qwest Communications International in May, Whether MFN can emerge from bankruptcy with its marquee Web hosting customers--including AOL Time Warner and Microsoft--still self-healing screen protector for iphone 8 in the fold remains to be seen, The company is also under investigation by the Securities and Exchange Commission related to restated 2001 earnings, and its stock has been delisted..

News.com's Ben Heskett contributed to this report. The bankrupt telecommunications company is shutting down data centers in Los Angeles and San Francisco as it undergoes Chapter 11 restructuring. The data centers are two of the more than twenty that Metromedia Fiber Network (MFN) operates as part of its Web hosting business. The company, which also operates an optical-fiber network, entered the Web hosting market with the acquisition of AboveNet in 1999. MFN is shutting down the data centers by the end of June because they are underutilized, said spokeswoman Kara Carbone. She said MFN notified the centers' customers of the shutdown and offered to move them to the company's San Jose, Calif., facilities.