Salira Optical Network Systems secures $17 million in Series B funding

Aug. 20, 2001--Salira is developing systems that combine the simplicity of Ethernet with the power of optics to provide a carrier-class, IP/Ethernet optical solution for high-speed broadband access. Salira systems address the need for carriers to provide affordable, high-speed broadband access.

Aug 20th, 2001

Salira Optical Network Systems, Inc., a provider of carrier-class, IP/Ethernet systems for broadband access, announced the closing of $17 million in Series B funding. Softbank Venture Capital (SBVC) led the round; Series A lead investor Vertex Management and Pacific Rim venture capital firm WI Harper also participated in the round. The completion of this second round of funding brings the total investment in Salira to $23.9 million.

Salira is developing systems that combine the simplicity of Ethernet with the power of optics to provide a carrier-class, IP/Ethernet optical solution for high-speed broadband access. Salira systems address the need for carriers to provide affordable, high-speed broadband access.

Salira will use the funding to continue its product development strategy. The company expects to be in customer trials with carriers and enterprise customers early next year.

As a result of this new round of funding, Salira will add a new member to its Board of Directors. Gary Rieschel of SBVC will join a board which consists of current directors Dave House, CEO of Allegro Networks, Gwong-Yih Lee, senior director at Cisco, and K.T. Wan, vice president of Vertex Management. Herbert J. Martin, Salira's CEO, and Wei Gao, Salira's CTO and founder also serve on the board.

About Salira Optical Network Systems, Inc.:

Salira Optical Network Systems, Inc. is developing systems that combine the simplicity of Ethernet with the power of optics to provide the first carrier-class, IP/Ethernet optical solution for high-speed broadband access. For more information, visit www.salira.com.

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