& cplSiteName &

Mintera Mints Another $10M

Craig Matsumoto
News Analysis
Craig Matsumoto
10/3/2006
50%
50%

Mintera Corp. is still keeping the faith in the OC768 (40-Gbit/s) market, and more important, it's still bringing home the cash.

Mintera announced yesterday it's raised another $10 million from prior investors. Polaris Venture Partners and RRE Ventures led the round, joined by Court Square Ventures LLC , Portview Communications Partners LP , and Star Ventures . (See Mintera Raises $10M.)

The money is an extension of Mintera's Round B, which brought in $18.5 million about 18 months ago. (See Mintera's in the Money.) All told, 45-employee Mintera has picked up $55 million in venture money, with more to come.

"We do anticipate a full C round some time next year," Mintera CEO Terry Unter says.

The money will go toward the launch, later this year, of the MI 40000XS, Mintera's new platform for 40-Gbit/s DWDM transport and the follow-up to its MI 40000. Among the main differences between the two is the 40000XS's conformance to the dimensions specified by the Advanced Telecom Computing Architecture (AdvancedTCA) standards.

Big carriers are beginning to talk seriously about OC768 buildouts. MCI -- now Verizon Enterprise Solutions -- included Mintera in an OC768 trial that also featured gear from Juniper Networks Inc. (NYSE: JNPR) and Xtera Communications Inc. (Nasdaq: XCOM) (See MCI Reaches 40 Gbit/s.)

Separately, AT&T Inc. (NYSE: T) came out at Globalcomm declaring plans for an OC768 backbone. (See AT&T Readies 40-Gig Backbone.)

Mintera, meanwhile, has continued grinding away at the nascent market. "We have equipment of our first-generation platform which is currently deployed or in the process of being deployed" in Europe, North America, and Asia, Unter says.

Mintera's primary competition is StrataLight Communications , which was included in the Cisco Systems Inc. (Nasdaq: CSCO) CRS-1 launch. (See StrataLight Powers Cisco's OC768.)

Even though Mintera has been hanging around for a while, that lack of competition is a point in its favor. "Not a lot of other companies are doing this, and folks like MCI did indicate that Mintera's stuff works," says Scott Clavenna, chief analyst for Heavy Reading.

The OC768 market has been on the verge of sprouting for years, and every OFC/NFOEC conference seems to have component vendors poised for 40-Gbit/s takeoff. (See 40-Gig Gets Extended.) Demand for OC768 got stunted by the telecom crash, but there was a more subtle effect that kept the market on the back burner.

The situation isn't like the emergence of OC192 (10 Gbit/s) years ago. Carriers jumped into OC192 relatively quickly as a way of combining OC48 (2.5 Gbit/s) pipes, because one OC192 line was cheaper than four OC48 lines. But OC768 didn't get that boost.

"For 40-Gbit/s to try and be less costly than four 10-Gbit/s lines was really difficult, because 10 Gbit/s was experiencing 20 or 30 percent price declines a year," Clavenna says.

So, OC768 transport has been waiting for 40-Gbit/s interfaces to actually appear on routers. That's finally starting to happen, with Alcatel (NYSE: ALA; Paris: CGEP:PA), Cisco, and Juniper all making noise about 40-Gbit/s interfaces late last year. (See Alcatel Touts 40-Gig Deployment, Cisco Sells an OC768, and Juniper Intros Interface.)

— Craig Matsumoto, Senior Editor, Light Reading

(3)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Stevery
50%
50%
Stevery,
User Rank: Light Beer
12/5/2012 | 3:38:54 AM
re: Mintera Mints Another $10M
"We do anticipate a full C round some time next year," Mintera CEO Terry Unter says.

So let me get this straight: Mintera decided to do an inside round (at a lovely valuation I'm sure) and are confident about doing a "full C round" later?

Why do you even send out PR on stuff like this?
Pete Baldwin
50%
50%
Pete Baldwin,
User Rank: Light Beer
12/5/2012 | 3:38:51 AM
re: Mintera Mints Another $10M
Heh, good point. It's always interesting to see what counts as an old/new round, too.

What would the exit be for Mintera, at this point? It's hard to see 40G being an IPO type of market... and the spin-in with Sycamore (the long-ago plan) obviously isn't going to happen.
SolitonWave
50%
50%
SolitonWave,
User Rank: Light Beer
12/5/2012 | 3:38:19 AM
re: Mintera Mints Another $10M
They should try to find a buyer... and fast...
From The Founder
Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
MWC 2017's Key 2-Letter Terms

2|20|17   |   08:29   |   (1) comment


5G, AI, VR... these are just some of the two-letter terms that will dominate show-floor chat at MWC 2017 in Barcelona, according to these two blow-hards (a.k.a. Scott Bicheno of Telecoms.com and Light Reading's Ray Le Maistre). And then there's PB...
LRTV Interviews
Key Trends for Mobile Operators in Developing Markets

2|20|17   |   06:37   |   (0) comments


Ovum's Matthew Reed talks to Scott Bicheno from Telecoms.com about the challenges and opportunities facing mobile operators in the developing markets of Africa and the Middle East.
LRTV Documentaries
YouTube Takes on Facebook Live-Streaming

2|17|17   |     |   (0) comments


Popular 'YouTubers' will be the first to get the new service on their smartphones. You have been warned.
LRTV Custom TV
Open Source NFV/SDN Automation

2|17|17   |   05:54   |   (0) comments


AT&T ECOMP (Enhanced Control, Orchestration, Management and Policy) code is transitioning into the Linux Foundation for placement into open source. In this video, Carol Wilson provides an update on the maturation of open source ECOMP and meets with industry leaders from AT&T, Bell Canada, Orange, Linux Foundation and Amdocs to discuss what this means for the ...
LRTV Documentaries
Uber & NASA Collaborate on Flying Car Project

2|16|17   |     |   (0) comments


Is Uber for real? Well, it's hired NASA engineer Mark Moore to lead the project, and he wouldn't come cheap.
LRTV Documentaries
Zuckerberg Tries Out the Oculus Rift VR Glove

2|15|17   |     |   (0) comments


Facebook CEO shows off a new way to interact with the Oculus Rift virtual reality headset: an Oculus glove.
LRTV Custom TV
Huawei Digital Transformation Forum 2017

2|10|17   |     |   (0) comments


Here's a preview of the upcoming Huawei Digital Transformation Forum taking place in Barcelona with trending telecom topics like cloud, IoT, 5G and much more!
Telecom Innovators Video Showcase
Dan Sahar of Qwilt on Open Edge Cloud Platform

2|8|17   |   08:38   |   (0) comments


Dan Sahar, Qwilt's co-founder, sits down with Steve Saunders of Light Reading for a conversation about Qwilt's Open Edge Cloud platform and the new role of service providers in application and content delivery.
LRTV Documentaries
ZeroStack's 'Self-Driving Cloud'

2|7|17   |   01:09   |   (0) comments


Its Z-Brain tech automates day-to-day management and long-term planning for hybrid clouds.
Telecom Innovators Video Showcase
Nominum's Craig Sprosts on DNS & Cybersecurity Trends

2|7|17   |     |   (0) comments


Nominum's Craig Sprosts talks about the fast-changing landscape of cybersecurity with Steve Saunders of Light Reading. Sprosts touches on the trend of the rise of ransomwares, rivals of IoT base attacks, and mobile network security. He also discusses the realization of the importance of IoT security after a recent cyber attack that paralyzed several major ...
LRTV Documentaries
China Moves Towards Mixed Ownership of Telcos

2|1|17   |   01:10   |   (0) comments


Chinese authorities are promoting new ownership models in order to raise capital.
Shades of Ray
What to Expect at MWC 2017

1|31|17   |     |   (0) comments


5G is set to dominate as the key buzz term at this year's Mobile World Congress but there are other pressing 4G matters to address.
Upcoming Live Events
March 21-22, 2017, The Curtis Hotel, Denver, CO
March 22, 2017, The Curtis Hotel, Denver, CO
March 22, 2017, The Curtis Hotel, Denver, CO
May 15-17, 2017, Austin Convention Center, Austin, TX
May 15, 2017, Austin Convention Center - Austin, TX
June 6, 2017, The Joule Hotel, Dallas, TX
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
T-Mobile CEO: M&A Coming but Not Quite Yet
Dan Jones, Mobile Editor, 2/14/2017
Is the Time Right for a Cisco/Ericsson Wedding?
Ray Le Maistre, Editor-in-chief, 2/17/2017
Nice to See at Least One CSP Taking My Advice
Mitch Wagner, Editor, Enterprise Cloud, 2/17/2017
Charter Launches 5G Field Trials
Mari Silbey, Senior Editor, Cable/Video, 2/16/2017
WiCipedia: Fintech Flexibility, Snap Missteps & Women of Wearables
Eryn Leavens, Special Features & Copy Editor, 2/17/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
Animals with Phones
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.