Light Reading

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. (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...
Flash Poll
From The Founder
Network architects aiming to upgrade their networks to support agile, open, virtualized services in the 21st century need to consider new criteria when choosing between technology suppliers.
Live Streaming Video
BTE 2015 Sponsor Keynote: HP
Dr. Prodip Sen, CTO, Network Functions Virtualization, HP
LRTV Custom TV
Red Hat Demo

7|2|15   |   10:53   |   (0) comments


Red Hat's Nicolas Lemieux demonstrates how Red Hat is driving innovation through open source communities.
LRTV Custom TV
Red Hat's Approach to OpenStack Adoption

7|2|15   |   5:17   |   (0) comments


Red Hat's Radhesh Balakrishnan outlines his company's open source strategy for both enterprises and telcos.
LRTV Custom TV
The New IP Goes Mobile With vEPC

7|2|15   |   1:12   |   (0) comments


Heavy Reading's Gabriel Brown discusses results of a Light Reading survey sponsored by Brocade that shows a clear commitment by mobile operators to move quickly to virtual EPC deployment.
LRTV Custom TV
Making Business Sense of SDN

7|2|15   |   1:42   |   (0) comments


Results of a Brocade-sponsored survey show that CSPs have a clear sense of SDN use cases but are wrestling with the business case. Sterling Perrin of Heavy Reading looks behind the numbers.
LRTV Custom TV
NFV Will Be Here Sooner Than You Think

7|2|15   |   2:22   |   (0) comments


Forget the usual ten-year cycle for new technologies – NFV will be a core part of CSP networks in five years, based on results of a Brocade-sponsored survey, says Heavy Reading's Caroline Chappell.
LRTV Custom TV
The New IP Gains Traction With CSPs

7|2|15   |   1:42   |   (0) comments


Roz Roseboro of Heavy Reading analyzes results of a Light Reading survey sponsored by Brocade showing that CSPs are getting serious about making the transition to the New IP era.
LRTV Custom TV
It's (Real) Time for Analytics

7|2|15   |   1:42   |   (0) comments


Heavy Reading's Jim Hodges looks at how CSPs say they plan to use analytics to deploy new services in real time as part of The New IP, based on results of a survey sponsored by Brocade.
LRTV Documentaries
IoT in Action

6|30|15   |   1:39   |   (7) comments


Two co-workers discuss the benefits of IoT technology.
LRTV Interviews
Ericsson Opens Up on OPNFV

6|30|15   |   14:16   |   (1) comment


Martin Bäckström, VP and head of industry area Datacom at Ericsson, talks to Light Reading founder and CEO Steve Saunders about the emergence of OPNFV, the importance of standards and Ericsson's OPNFV plans.
LRTV Custom TV
NetNumber Founder Discusses NFV/SDN Impact on SP Networks

6|26|15   |   4:15   |   (0) comments


NetNumber Founder Doug Ranalli examines why SPs need a new network infrastructure for service agility. While NFV and SDN are the tools, the old ways of thinking about signaling control are inhibitors. Doug provides his recommendations.
LRTV Custom TV
Orchestrating NFV vCPE Services Across Multivendor Networks

6|26|15   |   5:46   |   (0) comments


Nirav Modi provides an overview of vCPE, the fastest-growing NFV use case, showing how Cyan's Blue Planet orchestrates vCPE services across a multivendor infrastructure to rapidly deliver new managed services for business customers.
LRTV Custom TV
ZTE at LTE Summit Amsterdam 2015

6|26|15   |     |   (0) comments


As one of the leading global telecommunications providers, ZTE presented its cutting-edge technology at LTE World Summit 2015 in Amsterdam. On display at ZTE's booth were the latest R&D achievements in wireless, 5G development, HetNet, deep convergence of FDD and TDD, and RCS/IMD/iSDN/vCN.
Upcoming Live Events
September 16-17, 2015, The Westin Galleria Dallas, Dallas, TX
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
October 6, 2015, The Westin Peachtree Plaza, Atlanta, GA
October 6, 2015, Westin Peachtree Plaza, Atlanta, GA
October 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
November 5, 2015, Hilton Santa Clara, Santa Clara, CA
All Upcoming Live Events
Infographics
Hot Topics
Who's Feeding Fiber to LinkNYC Hotspots?
Mari Silbey, Senior Editor, Cable/Video, 6/29/2015
Colt to Jettison Ailing IT Business
Iain Morris, News Editor, 6/30/2015
Eurobites: Activist Investor Takes Stake in AlcaLu
Paul Rainford, Assistant Editor, Europe, 6/30/2015
What's in Your Office-in-a-Bag?
Mitch Wagner, West Coast Bureau Chief, Light Reading, 6/26/2015
Like Us on Facebook
Twitter Feed
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
Casa Systems has been going from strength to strength over the last couple of years. In 2013, it became the first vendor to ship an integrated CCAP device -- the ...
Cedrik Neike, SVP of Global Service Provider, Service Delivery, at Cisco, talks to Light Reading founder and CEO Steve Saunders about solving service provider customer problems in a virtualized, DevOps world, including multivendor support and the future of network procurement.
Cats with Phones