Tropic Networks receives $10 million in capital financing

Sept. 5, 2001
Sept. 5, 2001--Tropic Networks Inc., a company developing Optical Packet Networking systems to eliminate the constraints of delivering high bandwidth IP and Ethernet-based services in metropolitan area networks, announced it has secured $10 million in capital financing.

Tropic Networks Inc., a company developing Optical Packet Networking systems to eliminate the constraints of delivering high bandwidth IP and Ethernet-based services in metropolitan area networks (MANs), announced it has secured $10 million in capital financing. The capital financing follows Tropic's second venture capital round of $60 million raised earlier this year. Silicon Valley Bank, GATX/MM Venture Finance Partnership and Transamerica Commercial Finance Corporation provided the financing and join Tropic's list of premier investors.

Tropic Networks will use this money for capital expenditures aimed at supporting the Company's continued product development initiatives and early customer acquisitions. Tropic's Optical Packet Networking (OPN) systems bring new levels of dynamic control and scalability to networks by combining data services with intelligent optical transport in a single, carrier class package. Tropic's OPN model enables carriers to enhance their revenue opportunity by extending the life of existing networks and services while adding compelling new IP, Ethernet and wavelength services.

About Tropic Networks:

Tropic Networks is a privately held company focused on delivering optical packet networking (OPN) systems for carriers who demand a greater ability to cost-effectively scale their metropolitan networks to meet the current and future demands of IP traffic. For more information, visit www.tropicnetworks.com.

Sponsored Recommendations

Innovating the network edge with 100ZR QSFP28: The next frontier in coherent optics

Jan. 15, 2025
In this webinar, Juniper Networks, EXFO and Precision Optical Technologies are teaming up to showcase the new 100ZR QSFP28 pluggable coherent technology, exploring its foundational...

Optical Transceivers in the Age of AI: Impacts, Challenges, and Opportunities

Jan. 13, 2025
Join our webinar to explore how AI is transforming optical transceivers, data center networking, and Nvidia's GPU-driven architectures, unlocking new possibilities in speed, performance...

ON TOPIC: Filling Coverage Gaps, Enhancing Public Safety

Jan. 30, 2025
With the ongoing drive to support AI and the need for high-speed data center interconnection, the call for higher-speed 800G optical technology is emerging. Initially focused ...

Linear Pluggable Optics – The low-power optical interconnects for AI and Hyperscaled data centers.

Dec. 23, 2024
This LightWave webinar discussion will review the important technical differentiators found in this emerging interconnect field and how the electro/optic interoperability and ...