Axcelerant Raises $10 Million in Funds

Axcelerant Inc., an Irvine distributor and manager of secure high-speed networks, said it has picked up $10 million in its first round of equity financing. Investors were led by Riordan, Lewis & Haden, which provides capital and expertise to businesses with long-term growth prospects. Los Angeles Mayor Richard Riordan is a name partner but inactive in the investor firm until his term ends this year.