Teknovus completes $13M C-round funding

August 29, 2005 Petaluma, CA -- Teknovus, a provider of Ethernet passive optical network (EPON) chipsets for the deployment of IPTV in broadband access networks, today announced the closing of its Series C round of funding at $13 million. The investment round brings the company's total funding to date to $33 million.

August 29, 2005 Petaluma, CA -- Teknovus, a provider of Ethernet passive optical network (EPON) chipsets for the deployment of IPTV in broadband access networks, today announced the closing of its Series C round of funding at $13 million. The investment round brings the company's total funding to date to $33 million.

This round was led by Focus Ventures of Palo Alto, CA, with participation from: Infotech Ventures Ltd. of Beijing, China; Komura of Tokyo, Japan; Venture Tech Alliance of San Jose, CA, as well as current investors Mitsubishi Corp., Partech International, Portview Communications, Samsung Ventures America, SUITgrowth Fund, and U.S. Venture Partners (USVP).

Teknovus says it will use the new funding for the continued development of its infrastructure and semiconductor technologies used in the global deployment of broadband access networks. The company claims to lead the EPON market in global carrier deployments of FTTH broadband access networks, including exclusive use of its EPON chipsets by Japan's KDDI and Korea Telecom (KT).

The company says its EPON technology enables simultaneous delivery of IPTV/video, voice, and data services in FTTH networks. Additionally, the company says its gigabit EPON chipsets are among the first EPON products on the market to complete the IEEE 802.3ah compliance standards. This compliance-standards testing and verification for the product was recently conducted by the University of New Hampshire Interoperability Laboratory (UNH-IOL).

"Fiber-to-the-home is ramping up in Asia, especially in China, Japan, and Korea, where advanced telecommunications is experiencing a strong growth rate," comments James Boettcher, general partner of Focus Ventures. "With Teknovus clearly emerging as the preferred vendor of choice for EPON technology, they are well positioned to benefit from our extensive Asian channel connections."

"Our new investors reflect a deep understanding of the high-growth potential of FTTH access networks and the use of EPON within the Asian marketplace," concludes Dr. Rex Naden, CEO of Teknovus. "In addition, these investors have strong strategic connections within Asia, and have the ability to assist in our plans for new deployments."

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