29 July 2002 -- FlexLight Networks has received a USD1.5m investment on behalf of the Office of the Chief Scientist (the R&D arm of the Israeli Ministry of Trade, which aims to support start-ups in Israel). The funding is for further development of its optical access technology.
FlexLight was founded in September 2000 and is based in Atlanta, GA, USA but has R&D offices in Kfar Saba, Israel. Seed funding of USD9m came from the USA's Coral Ventures and Israel's Concord Venture Capital Fund. FlexLight recently unveiled its Optimate product line, the industry's first Gigabit Passive Optical Networking (GPON) solution for the last mile.
FlexLight's platform serves as the backbone of the access layer and enables transport of various protocols over complex topologies to provides dynamic convergence of voice, video and data. The new access environment employs a high-speed optical transport layer aimed at supporting any existing or emerging service in its native format through the use of technologies such as WDM and optical add/drop multiplexers, while maintaining the applications' Quality Of Service requirements.