7 January 2004 San Jose, CA Lightwave -- Scintera Networks has raised $9.5 million in a second-round of private venture funding. Kleiner, Perkins, Caufield & Byers led the second round with participation from existing investors August Capital and Sevin Rosen Funds. The new round brings Scintera's funding to date to $17.7 million.
In September, Scintera introduced its Advanced Signal-Processing Platform (ASPP), which enables very high-speed signal processing at 10 Gbits/sec and beyond. Scintera reports it is shipping the SCN3142 Electronic Dispersion Compensation Engine device for Enterprise and Storage applications and the SCN5028 Electronic Dispersion Compensation Engine device for Metro applications based on ASPP to virtually all major OEMs. Both these products are a significant advancement in enabling intelligent and cost-effective next-generation networks and communications systems and will significantly accelerate the adoption of 10-Gbit/sec transmission over the existing fiber infrastructure, say company representatives.
"Scintera has delivered products to major OEMs for Enterprise, Storage, and Metro applications, which distinguishes them from others in this market," contends Doug Mackenzie, managing partner from Kleiner, Perkins, Caufield & Byers, "We view Scintera as a company with great potential and its team as world-class communications experts."
Scintera's second round funding is being used to expand all aspects of the company as major Enterprise, Storage, and Telecom OEMs ramp into high volume production to meet the demand for 10-Gbit/sec bandwidth.
Scintera says its products will enable upgrades of existing Gigabit backbone connections between enterprise switches and data centers to 10 Gbits/sec seamlessly. In metro Networks, they will enable the cost-effective upgrade of OC-48 to OC-192 and pave the way for the deployment of broadband services and applications, while preserving the installed infrastructure.