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Mintera Secures New Financing Round
October 16, 2007
Mintera Corp., an Acton, Mass.-based provider of high bit-rate optical transport systems, announced it has raised a $19 Million Series C round of venture capital.
The financing round is led by investors Polaris Venture Partners and RRE Ventures. Joining as an investor and strategic partner is JDSU, a enabler of broadband and optical innovation. Existing investors including Court Square Ventures, Star Ventures and Portview Communications Partners also participated in the round. This financing brings the total amount raised by Mintera to more than $73 Million.
“Internet traffic growth is again accelerating, with the major new drivers being video, mobile, and embedded networking,” said Bob Metcalfe, Ethernet inventor and Mintera director. “Upgrades of core DWDM plumbing are now moving to 40 Gbps in metro and back-bone ultra long haul. These upgrades are led by Mintera which is already preparing for 100 Gbps a few years ahead of service provider network requirements.”
Mintera and JDSU also announced yesterday a strategic partnership. The partnership will offer optical network equipment manufacturersproducts that combine Mintera's Dense Wavelength Division Multiplexing (DWDM) 40 Gigabits per second (Gbps) transmission technology with JDSU's proven 40 Gbps capable optical communications products and test and measurement solutions. .
Mintera — which develops and markets high bit-rate fiber-optic transport sub-systems, for metro-core, regional, long-haul and ultra long-haul optical networks — says it will use the financing to complete the commercial launch of its new, 300-pin DWDM 40Gbps Adaptive-DPSK Module, to release new features on its MI 40000XS platform and to develop new solutions at higher bit-rates (100 Gbps) based on its proprietary technology.
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