Alloptic secures $30M funding

August 23, 2005 Livermore, CA -- Alloptic, a provider of Gigabit Ethernet Passive Optical Networks (GEPONs), announced that it has secured an additional $30 million in venture funding. Leading the rounds of financing were Ritchie Capital Management and GMG Capital Management.

Alloptic says it GEPON access network platform leverages a standard ITU PON architecture, while delivering a gigabit of bandwidth. According to the company, with a native ability to support traditional TDM voice over an Ethernet-based architecture, the platform is able to provide reliable telephone services, while seamlessly supporting next generation services such as IP HDTV.