|
Article Excerpt
ALPHARETTA, Ga. -- Wave7 Optics, Inc., an innovative developer of optical access equipment for the fiber-to-the-home and business (FTTX) market, today announced that is has raised a second round of funding totaling $23 million, bringing the company's total funds raised to $32 million. Advanced Technology Ventures led the Series B round with new investors Mellon Ventures and Armada Venture Partners, while founding investors Morgenthaler and Lucent Venture Partners also participated in the round. Additionally, Jack Harrington, general partner of Advanced Technology Ventures, will join the Wave7 board of directors.
Wave7 is developing a high-bandwidth, dynamically provisionable, optical access system to address the "last mile" of broadband Internet connectivity, a market projected to reach $3.8 billion by 2004. Wave7's first suite of optical access products, Last Mile Link(TM) effectively eliminates the current cost and implementation barriers faced by network operators in deploying Fiber-to-the-Home (FTTH) and Fiber-to-the-Business (FTTB) solutions.
"We are very excited to bring Advanced Technology Ventures, Mellon Ventures and Armada Ventures into...
|
|
More articles from PR Newswire
High-tech firm sinks Vancouver neighbourhood., February 27, 2002
Kingsway Financial Services announces tender offer to acquire American..., February 27, 2002
JUST FOR PROFESSIONALS; The Home Depot(R) Opens New Dallas Store Exclu..., February 27, 2002
Encorus(TM) Technologies Joins Mobile Payment Forum; New Industry Grou..., February 27, 2002
Allied Holdings Announced That It Has Successfully Completed the Refin..., February 27, 2002
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
