Cinta Networks secures $10 million in financing

April 24, 2001
Apr. 24, 2001--Cinta Networks, a provider of optical networking systems to designed to decrease network costs and accelerate service provider's revenue generation, announced it has raised $10 million in debt and lease line financing.

Cinta Networks, a provider of optical networking systems to designed to decrease network costs and accelerate service provider's revenue generation, announced it has raised $10 million in debt and lease line financing. The latest financing is provided through CommVest LLC and, together with the company's November funding round last year of $36 million, brings Cinta's total funding and debt financing to $75 million to date.

The new financing will be used for additional equipment investment for the delivery of Cinta's patented WaveJunction product family. WaveJunction rearchitects the fundamental transport with switching elements of next-generation optical networks, integrating these once-disparate elements and enabling massive scalability with per-port deployment and delivery of wavelength services.

Cinta's WaveJunction product family includes all the components required to build a complete optical wavelength network: transport, switching, add/drop, amplification and network management and planning software. The WaveJunction LS3000 Lambda Switch anchors the end-to-end network and is one of the first optical systems to employ tunable laser technology. The tunable transponders in the LS3000 handle both switching at the wavelength level and optical signal transport, helping create a universal line card, further improving scalability and decreasing costs. The LS3000 is also designed to accommodate technology evolution, enabling service providers to incorporate other technologies (e.g., MEMS) as they prove to be reliable and more cost-effective.

Cinta Networks is planning a third round of venture capital funding for late 2001.

About Cinta Networks:

Cinta Networks designs and builds optical networking solutions for metro, regional and long haul service providers. For more information, visit www.cintanetworks.com.

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