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Start-up Equipe snags $40 million

Start-up Equipe Communications garnered $40 million Tuesday in a third round of funding from investors, bringing the company's total funding to $103 million since its inception. New investor Sequoia Capital Partners led the third round of funding, which also included new investors Ciena and Silicon Valley BancVentures. In addition, optical networking equipment maker Ciena and Equipe pledged to share technical and strategic information as part of a new relationship between the two companies, Equipe said. Equipe makes a network device that lets a service provider migrate from networks based on asynchronous transfer mode, or ATM, to the Internet, or IP, and its associated technologies.

Start-up Equipe Communications garnered $40 million Tuesday in a third round of funding from investors, bringing the company's total funding to $103 million since its inception. New investor Sequoia Capital Partners led the third round of funding, which also included new investors Ciena and Silicon Valley BancVentures.

In addition, optical networking equipment maker Ciena and Equipe pledged to share technical and strategic information as part of a new relationship between the two companies, Equipe said. Equipe makes a network device that lets a service provider migrate from networks based on asynchronous transfer mode, or ATM, to the Internet, or IP, and its associated technologies.

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