Matisse Raises $45 Million

Matisse Networks, a Mountain View, Calif.-based developer of an optical burst switch, has raised $45 million in Series C funding. Merrill Lynch PCG led the deal with $35 million, and was joined by return backers Menlo Ventures, Monitor Ventures, Walden International and Woodside Fund. Matisse Networks has now raised $80 million in total VC funding