July 7, 2004 Mountain View, CA -- < a href=http://www.broadlight.com>BroadLight Inc., supplier of semiconductors, software, and transceivers for fiber-to-the-premises (FTTP) deployments, today announced that it has received additional series C financing from Azure Capital Partners and several existing investors, bringing the total round to $17.9 million. BroadLight had previously closed this round on March 15th with an investment by Siemens Venture Capital and prior investments by Israel Seed Partners, Delta Ventures, and two strategic investors.
Following this round, Paul Weinstein, general partner at Azure Capital Partners, will be joining BroadLight's Board of Directors. "BroadLight has secured a market share lead in the North American BPON market with first-to-market products for both end of the lines," reports Weinstein. "We believe the company's product line is well positioned to continue winning strategic designs for fiber roll-outs, and we are excited to be involved in their future growth potential."
According to Andrew Vought, CEO of Broadlight, the company intends to use the additional funds "to strengthen [its] current leadership position with increased R&D and an expansion of [its] sales and marketing efforts worldwide."
The company recently launched its XL230, which it claims is the industry's first BPON controller and integrated software for the central office. The XL230 complements Broadlight's existing XN230 BPON controller for optical network terminal (ONT) devices at the customer end point, enabling customers to quickly and easily design high-speed broadband equipment for both ends of the line, explain company representatives.