TeleSphere Gets $10M Funding Boost

Managed services provider TeleSphere said this week it has closed another round of private equity funding.

The Phoenix-based company secured $10 million from investors including Rally Capital and Hawkeye Investments LLC, as well as Greenspun Corp., which also supports wireless broadband provider Sparkplug. Rally Capital and Hawkeye Investments previously have invested in TeleSphere.

TeleSphere said it will use the money to fund its national expansion. The company sells IP voice services over a private MPLS IP network, private WAN services, high-speed data and Internet, and more.