Lok Garners $5M in Financing

Lok Technology Inc. (Booth 1019), a manufacturer of secure, integrated network infrastructure appliances, recently secured $5 million in Series A financing from an institutional investor. The company will use the proceeds to fund aggressive sales channels, expand marketing programs and continue adding features and functionality to its AIRlok appliance.

With this investment, we will increase our market coverage to include ISPs, CLECs, LECs and other broadband providers targeting SOHO, SMB and emerging enterprises, says President Keenan Klinger.

Using AIRlok at the customer premises, service providers can offer multiple broadband connections with service delivery and security applications and managed services.

Lok Technology founder and Chief Scientist Simon Lok explains the significance of LokTeks approach: The ability to easily process and manage IP traffic on a scalable, flexible, and secure appliance for networks of a 1,000 nodes or less is a significant challenge for which LokTek has developed a truly unique solution.