Exclusive New Research from the Telecom Leader

Survey stats * market share * real world deployments * and more

Now with two ways to buy…

      Subscribe in NewsGator Online   Subscribe in Bloglines   
   Comments

Lambda Optical adds $22M to B-round funds

more on the topic

More Related Articles

All-optical networking equipment vendor Lambda Optical Systems today announced a $22 million addition to the $14 million "series-B" round the company first announced in April 2004.

The latest round, which the company is referring to as a "B-1" round since most aspects of the valuation and investment were unchanged from the April B round, brings the total investment in the company to $46 million.

The vendor will use its new funds to boost its sales and marketing efforts, including adding new sales and marketing personnel to its current work force of about 56 people, most of whom are engineers.

"The company has essentially been in stealth mode for a long time," said Irfan Ali, Lambda Optical’s chief executive officer since August. "We’ve got a generic Web site. We’ve selectively done a few announcements. But for the most part, the company’s been in stealth mode. We’ll now use this opportunity to come out more aggressively and let the market see what we have."

Lambda Optical uses microelectrical mechanical systems (commonly referred to as MEMS) to bring all-optical switching to regional and metro networks instead of its typical place in long-haul networks. The company was founded in 2003 from the intellectual property of a defunct start-up called Firstwave Secure Intelligent Optical Networks.

The company’s latest $22 million came from existing investors Sevin Rosen Funds and ComVentures as well as two new investors that are merging together: PacRim Venture Partners and SmartForest Ventures.

Pac Rim’s expertise in Asia made it a good match for Lambda Optical’s strategy, Ali said, which includes targeting Asian markets as well as those in Europe, the Middle East and North America. "Our conclusion is that Asia--with markets like Japan, China and Korea--could be key markets for us and subsequently maybe even India," he said.

Want to use this article? Click here for options!
© 2009 Penton Media Inc.

  • Telephony Content


blog comments powered by Disqus
Get Updates Via Email
  • Telephony Content

related resources

popular articles

Webcasts

WEBCAST

Reduce Customer Churn and Cut Costs Webcast | July 22, 2009

Learn the best practices for online customer billing and service – how to implement a paperless bill, drive traffic to your web site, improve customer service.

REGISTER NOW

White Papers

WHITE PAPER

Automated End-to-End Managed Service Delivery. Sponsored by Ciena.

Ciena’s industry-leading CoreDirector Multiservice Optical Switch with FastMesh® has been used for efficient and robust core switching in the world’s largest networks. DOWNLOAD NOW

Podcasts

PODCAST

Wikimedia explores the phone as encyclopedia

Kul Wadhwa, head of business development, Wikimedia Foundation, discusses with senior editor Kevin Fitchard the Wikipedia’s future on the mobile phone. LISTEN

Blogs

BLOG

I-feature: Readers respond

As promised, a key component of Telephony’s new Interactive Featureis reader participation READ

E-Books

E-BOOKS

Next-Generation Now: Evolve your communications services in the post-recession world.

Read New eBook.

  • Telephony Content
  • Telephony Content

commentary

Carol Wilson
Bandwidth envy

July 6, 2009

Read Now

Carol Wilson
Joe McGarvey
A Dickens of a Relationship
Problem

July 6, 2009

Read Now

Joe McGarvey

Recent Comments

Follow comments on Telephony

More ways to stay informed

Find us on Facebook

follow us on twitter

Browse Issues

  • June 1, 2009
  • October 1, 2008
  • April 1, 2009
  • March 1, 2009
  • February 1, 2009
  • January 1, 2009
  • December 1, 2008