Want CNET to notify you of price drops and the latest stories?
No, thank you Accept
X
Apple Vision Pro Hands-OnBest Meal Delivery ServicesCNET CouponsNew Apple Watch PerksBest Solar CompaniesAI and Your Job SearchBest Satellite Internet ProvidersMortgage Rates

Ikanos receives $25 million

Chipmaker Ikanos Communications announced on Monday it received a $25 million third round of funding, led by Walden International. Walden, which received a board seat, was joined by JPMorgan Partners, Ridgewood Capital and previous investors Anthelion Capital, Greylock Partners, Sequoia Capital and Telesoft Partners in this latest round. Fremont, Calif-based Ikanos has raised a total that is more than $42.5 million and received a decline in valuation with the latest round. The company's chips are designed to allow its customers to use existing copper-wire systems to connect to broadband fiber optic systems. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
See full bio
Dawn Kawamoto
true
Chipmaker Ikanos Communications announced on Monday it received a $25 million third round of funding, led by Walden International. Walden, which received a board seat, was joined by JPMorgan Partners, Ridgewood Capital and previous investors Anthelion Capital, Greylock Partners, Sequoia Capital and Telesoft Partners in this latest round. Fremont, Calif-based has raised a total that is more than $42.5 million and received a decline in valuation with the latest round. The company's chips are designed to allow its customers to use existing copper-wire systems to connect to broadband fiber optic systems. See complete list.