Atrica Inc., provider of optical Ethernet equipment for the metro market, today announced completion of a $75-million equity financing round--the company's third and largest round to date.
Atrica will use the new capital to further expand its sales and customer support teams and to accelerate the marketing of its Optical Ethernet System.
New investor St. Paul Venture Capital lead the round, which also included new investors JK&B Capital, Investor Growth Capital, Saturn Venture Partners (an affiliated fund of Telecom Italia), Gemini Israel Funds L.P. Ltd, Lehman Brothers, Part'com, Challenge Fund, Young Associates, Triton Ventures, CDIB, and Hotung.
The new round also included first and second round investors Benchmark Capital, Accel Partners, Ascend Technology Ventures, and global service providers SBC Communications, Inc. (via AurumSBC Ventures) and France Telecom (via Innovacom)-- both of whom have invested previously in Atrica. Seed round investor 3Com Corp. also participated in Atrica's latest round.
With the new round of funding, equity investment in Atrica now totals over $100 million.
For more information about Atrica Inc. (Santa Clara, CA), visit the company's Web site at www.atrica.com.