Atlanta - November 8, 2005 - Asankya, a company that is commercializing innovative network technology developed at the Georgia Institute of Technology, recently closed a financing led by Veritas Venture Partners, the oldest venture capital firm in Israel. Joining Veritas in the investment were the Seraph Group, an Atlanta-based venture fund, and Atlanta angel investor, Steve W. Chaddick, a Georgia Tech alumnus and co-founder of CIENA.