Civcom Inc. secures $10.5 million in Series B funding

July 3, 2001
July 3, 2001--Civcom Inc. announced it has raised $10.5 million in series B round funding led by Mercator Broadband Partners.

Civcom Inc. announced it has raised $10.5 million in series B round funding led by Mercator Broadband Partners.

Civcom recently introduced its patented Free-X family of high-speed all optical switches, which eliminate the need to convert optical to electrical signals at junctions of long haul, metropolitan and access networks. The Free-X family from Civcom provides optical processing capabilities such as multicast and gain control. Civcom's patented technology is polarization and wavelength insensitive. With no moving parts in its design, Civcom's Free-X products offer highly reliable performance.

New investors added in this round were Reston Virginia based Mercator Broadband, Herzliya based Formula Ventures, and Los-Angeles based Omninet Capital. Series A investors Concord Ventures and Aurum-SBC Ventures also participated in this round. Concord Ventures is a privately owned Israeli venture capital firm. Aurum-SBC Ventures is funded by SBC, the telecommunication giant, as well as Aurec Group, Israel's largest private group. With this round the company's total funding reaches $21M.

About Civcom:

Civcom Inc. is a Delaware-incorporated company with offices in Virginia and California, and R&D facilities in Petach-Tikva Israel. The company was founded in September 2000 and already owns patents in the areas of optical switching and optical wavelength processing. For more information, visit www.civcom.com.

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