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OpVista Inc., a developer of optical transport systems built for the convergence of video, voice and data services in the cable industry, today announced the completion of its series-C funding round totaling $10 million.
This latest round of funding, according to the company, will be used to increase marketing and sales support, operations, and customer service surrounding OpVista's MetroVista optical transport system. The MetroVista system was recently validated in commercial operation and is now in volume production, according to an OpVista statement.
In a move designed to bolster market presence, OpVista recently hired two industry veterans as vice presidents of sales for the Western and Eastern regions of the United States. Judy Donovan is now Western regional vice president of sales, and David DeMio is Eastern regional vice president of sales.
OpVista's flagship MetroVista optical transport system is designed for cable operators seeking to deploy interoperable, high-capacity transport solutions for converged video, voice and data services. The product family is compliant with International Telecommunications Union (ITU) standards and its carrier-class management system provides capacity addition and remote re-configurability without service disruption, according to the company.
OpVista reports that MetroVista is scalable from one to 800 Gigabits per second on a single fiber for up to 1000km without dispersion compensation, signal regeneration or fiber plant re-engineering.
"We are pleased to see this level of investor confidence in the company," said Gary Trimm, president and CEO of OpVista. "The added resources will allow us to better serve our customers, build inventory to meet demand, and launch new R&D initiatives."
This round was led by existing investor Excelsior Venture Partners III, LLC, a private equity fund managed by U.S. Trust. Investors from the previous round that also participated in this round include Incubic, Sevin Rosen Funds, WK Technologies, and United Venture Capital Partners, according to OpVista.
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