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...
From The Founder
Against the odds, Huawei is growing its telecoms networking equipment business in the US -- that should be ringing some alarm bells for domestic vendors.
Flash Poll
Live Streaming Video
CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
Between the CEOs
Metaswitch's New CEO Martin Lund Discusses His Role

9|2|15   |   11:27   |   (2) comments


Technology industry veteran Martin Lund joins Metaswitch Networks this week as the company's new CEO. In this interview, Lund discusses his new role and the industry's progress with Light Reading CEO Steve Saunders. Lund believes that the industry disruption caused by SDN and NFV is creating opportunities for companies like Metaswitch – network software providers ...
Telecom Innovators Video Showcase
Nominum on Leveraging the Power of DNS to Deliver Superior Subscriber Experiences

9|2|15   |   07:13   |   (0) comments


Nominum CEO Gary Messiana talks about the challenges service providers face in competing for a much more sophisticated customer, a customer that has heightened expectations for more personalized and compelling digital experiences. Providers are focusing their efforts on delivering higher value subscriber services, retaining their existing customers and increasing ...
Between the CEOs
CEO Chat With Jeff Miller, ActiveVideo

8|28|15   |   19:05   |   (0) comments


Jeff Miller, President and CEO of ActiveVideo, talks to Light Reading founder and CEO Steve Saunders about the impact of virtualization on the TV and video distribution market.
LRTV Huawei Video Resource Center
Vodafone: Mobile Money Is About Customer Trust

8|27|15   |   06.36   |   (0) comments


Light Reading spoke with Vodafone's Ian Ravenscroft about the unique responsibilities and opportunities facing operators handling customers' financial transactions over the network.
Telecom Innovators Video Showcase
Palo Alto Networks on Expanding in the Carrier/Service Provider Market

8|26|15   |   07:54   |   (0) comments


Alfred Lee from Palo Alto Networks tells Steve Saunders about their new chassis-based system, the PA-7080, and how it can benefit service providers compared to legacy firewalls.
LRTV Custom TV
Global Services Forum Preview

8|25|15   |   02:36   |   (0) comments


Light Reading's CEO and Founder Steve Saunders talks about Huawei's upcoming Global Services Forum with the help of Heavy Reading's Patrick Donegan and Teresa Mastrangelo.
Telecom Innovators Video Showcase
Infoblox on DNS Threat Index

8|19|15   |   04:39   |   (0) comments


Dilip Pillaipakam from Infoblox talks to Steve Saunders about his company's core network services.
Between the CEOs
CEO Chat With Ihab Tarazi, Equinix

8|14|15   |   20:18   |   (1) comment


Equinix CTO Ihab Tarazi talks to Light Reading founder and CEO Steve Saunders about the dramatic changes in the data center, cloud and interconnect markets and discusses the impact of SDN and NFV in the coming years.
Telecom Innovators Video Showcase
The Netformx Ecosystem

8|14|15   |   09:39   |   (1) comment


Ittai Bareket, CEO of Netformx, talks with Steve Saunders about the Netformx Ecosystem, which employs cutting-edge prescriptive analytics to help solution providers maximize profits.
Telecom Innovators Video Showcase
Versa Networks on Leveraging VNFs

8|12|15   |   07:37   |   (0) comments


Kumar Mehta, founder and CEO of stealth mode startup Versa Networks, talks with Steve Saunders about how providers can best leverage virtualized network functions (VNFs).
LRTV Custom TV
Transforming the Network Through OPNFV

8|5|15   |   7:09   |   (0) comments


Sandra Rivera, VP Data Center Group; GM Network Platforms Group, Intel Corporation, on OPNFV Arno and how the industry is coming together to accelerate the deployment of NFV and transform the network.
LRTV Huawei Video Resource Center
Huawei ONS Product Demo

8|3|15   |   6:01   |   (0) comments


Huawei shows at Open Networking Summit 2015 in Santa Clara how its SDN and NFV solutions embrace openness.
Upcoming Live Events
September 16-17, 2015, The Westin Galleria Dallas, Dallas, TX
September 16, 2015, The Westin Galleria Dallas, Dallas, TX
September 16, 2015, The Westin Galleria Dallas, Dallas, TX
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
October 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
November 5, 2015, Hilton Santa Clara, Santa Clara, CA
November 17, 2015, Santa Clara, California
December 1, 2015, The Westin Times Square, New York City
December 2, 2015, The Westin Times Square, New York City
All Upcoming Live Events
Infographics
Cisco's cloud and virtualization portfolio can increase business agility and innovation by building a more flexible network architecture.
Hot Topics
T-Mobile CEO Plays Data Traffic Cop
Sarah Thomas, Editorial Operations Director, 8/31/2015
CEO Chat With Bill Gates
Steve Saunders, CEO and founder, Light Reading, 8/31/2015
Time to Monetize Cable WiFi
Alan Breznick, Cable/Video Practice Leader, 8/31/2015
Carolina Town Becomes First US 10-Gig City
Mari Silbey, Senior Editor, Cable/Video, 9/3/2015
Eurobites: Anite in OSS Tie-Up With Nokia
Paul Rainford, Assistant Editor, Europe, 9/4/2015
Like Us on Facebook
Twitter Feed
September 22, 2015
Media Begins With “Me”
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
Technology industry veteran Martin Lund joins Metaswitch Networks this week as the company's new CEO. In this interview, Lund discusses his new role and the industry's progress with Light Reading CEO Steve Saunders. Lund believes that the industry disruption caused by SDN and NFV is creating opportunities for companies like Metaswitch – network software providers with the agility to embrace new technologies quickly and the ability to deliver on substantial projects for global network operators.
The scene: Last Saturday, lunchtime, the interior of a shi-shi-foo-foo eatery in Manhattan's SoHo district.
Cats with Phones
It's a New Age... Click Here
When smartphones replace stuffed animals.