LightPointe announced Monday that it has raised $33 million in its second round that includes funding from telecom equipment maker Cisco Systems and Corning Ventures, a division of fiber-optic cable maker Corning. Sevin Rosen Funds, Ampersand Ventures and Telecom Partners also anted-up in the second round on top of contributing to the $12 million first round last September. The company also received $6.5 million from Silicon Valley Bank and GATX Ventures earlier this year.
The San Diego-based company makes optical equipment for metropolitan networks that transmits high-speed data through the air as opposed to sending it along fiber cables underground. LightPointe is undergoing field and lab trials with more than a dozen global carriers and has successfully passed a field trial with a major U.S. carrier.
iOS 13 comes with new Siri voice, dark mode, privacy features: All the new software Apple will soon deliver to your iPhone.
We tested 5G speeds in 13 cities. Here's what we found: Faster speed versus more coverage. That's the most important issue for 5G networks today.
Discuss: LightPointe pulls in $33 million
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.