LightPointe pulls in $33 million
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.
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.