Santera Systems completes $110 million funding

Aug. 20, 2001
Aug. 20, 2001--Santera will use the funds to further accelerate major carrier initiatives and to expand their international capabilities.

Santera Systems Inc., a provider of next-generation switching solutions for the global communications market, announced it has secured more than $110 million in its third round of funding led by Redpoint Ventures. The company has now raised approximately $200 million to date.

Santera will use the funds to further accelerate major carrier initiatives and to expand their international capabilities. The company will continue to grow its extensive customer and supplier support systems while maintaining a strong focus on product development.

Equity investors in this third round include Redpoint Ventures, Austin Ventures, Institutional Venture Partners and Sequoia Capital. International and domestic service providers, as well as financial partners participated as strategic investors.

About Santera:

Santera Systems Inc., located in Plano, Texas, offers a carrier-class next-generation switch with both trunk and line functionality, enabling circuit to packet migration. For more information, visit www.santera.com.

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