BroadLight closes funding with $12 million
SEPTEMBER 12, 2007 BroadLight received $12 million in its Series E financing round, led by Benchmark Capital. In supporting the GPON semiconductor and software supplier, Benchmark joins Azure Capital Partners, Broadcom, Cipio Partners, Delta Ventures, Israel Seed Partners, Motorola Ventures, Star Ventures, and Tellabs.
The GPON fiber market is growing, according to Arad Naveh, general partner at Benchmark Capital Israel. Time-to-market delivery and silicon integration demonstrated on BroadLight's GPON ONT system-on-chip (SoC) and 4-port OLT ASIC product lines led Benchmark to invest in the company, Naveh adds. BroadLight will release a residential gateway product family next. Anthony Maher, chairman, BroadLight, echoes Naveh's sentiments, and cited his company's track record and customer adoption as reasons for the $12 million raised over the E round.
Visit Benchmark
Visit BroadLight
