Qosmos, a Paris, France-based network intelligence technology company, has raised close to €20 million euros (approximately $28.5 million) in a deal that was co-led by DFJ Esprit and FSI, a French government fund.

The deal, which closed at the end of last month, is a combination of primary equity and debt and a secondary purchase of former investor Sofinnova’s stake in Qosmos. Existing shareholder Alven Capital increased its investment.

Qosmos provides visibility into real-time data transactions on networks. Its network intelligence technology, which is based on DPI or deep packet inspection technology, extracts and translates information from network traffic.

Its customers are network equipment providers, software vendors and systems integrators serving telco, security, B2B, B2C and government markets who integrate its components into solutions where real-time network intelligence is vital.

Qosmos has been self-reportedly profitable since 2009.

The company says the additional capital will support its expansion in the North America and Asia-Pacific regions as well as fund potential acquisitions.

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