Alloptic gets $30M in fifth round
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Access equipment vendor Alloptic has secured $30 million in a fifth round of venture funding, the company announced today.
The new round, led by new investor Ritchie Capital Management and existing investor GMG Capital Management, brings the total funding raised by the six-year-old maker of Ethernet-based passive optical networking gear to $110 million.
Alloptic will use the latest funds to “extend [its] reach” in the EPON market, a company spokesperson said.
Before this week, Alloptic’s most recent round of funding was a $35 million D round in April 2003 led by GMG and Athenian Venture Partners.
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