Sponsored By

BroadLight Raises $10M

BroadLight has closed a successful $10 million series D financing round led by Motorola Ventures

November 17, 2005

1 Min Read

MOUNTAIN VIEW, Calif. -- BroadLight, Inc., the leading supplier of ITU-T semiconductors, software and transceivers for fiber-to-the-premises (FTTP) deployments, today announced that it has closed a successful $10 million series D financing round led by Motorola Ventures, the venture capital arm of Motorola Inc. (NYSE: MOT). Motorola Ventures joins BroadLight’s premier list of investors which includes Azure Capital Partners, Broadcom, Delta Ventures, Israel Seed Partners, Siemens Venture Capital, Star Ventures and Tellabs.

“We believe BroadLight has enormous market opportunity in the growing PON fiber market,” said Matthew Growney, managing director of Motorola Ventures. “The company has clearly demonstrated its ability to execute with its BPON product line and we anticipate the same time-to-market delivery and world-class silicon integration with its upcoming GPON product line.”

“We are extremely pleased to welcome Motorola Ventures as a strategic investor in BroadLight,” said Andrew Vought, CEO of BroadLight. “We intend to use the additional capital on R&D and sales and marketing as we continue our aggressive pursuit of the world’s key GPON designs in 2006. Analysts such as Infonetics Research are predicting that GPON will be the PON winner and we are well positioned with an on-time delivery of the first end-to-end GPON solution.”

Added Anthony Maher, BroadLight’s chairman of the board “The advantage that BroadLight continues to exploit is its unique understanding of PON technology and an ability to integrate silicon to a level that is cost-effective and easy to deploy. I’m pleased to see other investors such as Motorola Ventures recognize the company’s key strengths and its potential for growth in the future.”

BroadLight Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like