edgeflow secures $24 million in Series A funding

Sept. 17, 2001--edgeflow Inc., a developer of an advanced metro optical networking element called an Optical Add/Drop Switch (OADX), announced the completion of a $24 million Series A round of funding.

edgeflow Inc., a developer of an advanced metro optical networking element called an Optical Add/Drop Switch (OADX), announced the completion of a $24 million Series A round of funding. The funding will be used to expand sales and customer service, as well as marketing and product development.

The lead investors in this round were Sierra Ventures and Newbury Ventures, a private equity firm focused on investments in communications and information technology companies. Joining seed investor Venture Coaches in this round, new investors include Desjardins Venture Capital Group, Primaxis Technology Ventures, RBC Capital Partners Telecom Fund, BTG, and Pan Dacom Networking AG of Germany.

Carriers and service providers are deploying Optical Add/Drop Multiplexers (OADMs) as well as Optical Cross Connects (OXCs) to provide the same functionality as an edgeflow OADX. Aside from the obvious drawbacks of added cost, complexity and footprint, these solutions are not bit-rate and protocol independent. Carriers and service providers are looking to deploy edgeflow's transparent OADX because it requires less cost and footprint of currently available solutions. Unlike all-optical approaches, edgeflow provides performance monitoring and network management that makes point-and-click provisioning of wavelengths a reality.

About edgeflow Inc.:

Founded in 2000, edgeflow Inc. is a privately held wavelength networking company building an advanced metro optical networking element called an Optical Add/Drop Switch (OADX). For more information, visit www.edgeflow.com.

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