Global Velocity: Networking security firm raises portion of $7.5 million offering

Global Velocity, a local networking security company, reported raising $1.56 million, according to a filing with the Securities and Exchange Commission. The money raised, which came from 46 unidentified investors, is part of a larger planned $7.5 million equity offering. Global Velocity makes networking hardware for large companies and federal government agencies. Global Velocity Chief Executive Greg Sullivan had previously told the Business Journal that the company would seek a large Series A...