Infinera raises $52 million

October 19, 2004 Sunnyvale, CA -- Infinera, a provider of digital optical networking systems based on photonic integrated circuit technology, today announced the completion of a new $52 million round of funding. The round brings the total capital invested in Infinera to $205 million. Infinera plans to use the investment capital to support deployments with more telecommunications carriers worldwide.

Oct 19th, 2004

October 19, 2004 Sunnyvale, CA -- Infinera, a provider of digital optical networking systems based on photonic integrated circuit technology, today announced the completion of a new $52 million round of funding. The round brings the total capital invested in Infinera to $205 million. Infinera plans to use the investment capital to support deployments with more telecommunications carriers worldwide.

Infinera also announced that UTStarcom and Itochu Techno-Science Corp. (CTC) have become strategic investors in Infinera and are collaborating with Infinera to provide optical networking solutions in Asia.

"We began carrier field trials earlier this year and we've been very pleased with the high level of customer interest and enthusiasm," said Jagdeep Singh, CEO of Infinera. "We wanted to take advantage of our momentum by expanding into new customer opportunities and by further strengthening our customer support capabilities. In an environment where many incumbent players have cut R&D, cancelled products, and reduced sales and support staff, we are pleased to continue to invest in helping our customers deploy innovative technology solutions.

"We are fortunate to have the backing of a broad group of sophisticated investors, all of whom are participating fully in this round," continued Singh.

Infinera's investor group includes Accel Partners, Benchmark Capital, JAFCO Ventures, Kleiner Perkins Caufield & Byers, Mobius Venture Capital, Sprout Group, Sutter Hill Ventures, Venrock Associates, and Worldview Technology Partners. Infinera's strategic investors include new investors UTStarcom, CTC, as well as previously announced firms Agilent, Applied Materials Ventures, Cypress Semiconductor, and Juniper Networks.

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