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Tech Industry

BigBand brings in $27 million

BigBand Networks announced Monday that it has raised $27 million in its third round of funding, which brings the total funding for the maker of cable TV routers to $57 million. New investors included round leader Charles River Ventures, Lauder Partners and CommVest. Previous investors Redpoint Ventures, Pilot House Ventures, Cedar Fund and Evergreen Investments participated in the latest round. BigBand will use the financing to expand sales, marketing and development of its gear. The Fremont, Calif.-based company's customers include Time Warner Cable, Cox Communications, Rogers Cable and Blue Ridge Communications. BigBand's products help cable companies provide subscribers with digital video broadcasts, HDTV (high-definition television), video-on-demand and interactive television services.

BigBand Networks announced Monday that it has raised $27 million in its third round of funding, which brings the total funding for the maker of cable TV routers to $57 million. New investors included round leader Charles River Ventures, Lauder Partners and CommVest. Previous investors Redpoint Ventures, Pilot House Ventures, Cedar Fund and Evergreen Investments participated in the latest round.

BigBand will use the financing to expand sales, marketing and development of its gear. The Fremont, Calif.-based company's customers include Time Warner Cable, Cox Communications, Rogers Cable and Blue Ridge Communications. BigBand's products help cable companies provide subscribers with digital video broadcasts, HDTV (high-definition television), video-on-demand and interactive television services.