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Ultra-Broadband

Iamba Secures Financing

CUPERTINO, Calif. -- iamba Networks, a leading provider of Gigabit Passive Optical Networking (GPON) solutions today announced the company has closed a $7 million round of financing. Investing firms in this round include iamba's investors from previous rounds, Pitango Venture Capital, Cedar Fund, Giza Venture Fund and Kreos Capital.

"The GPON market is on the cusp of exponential growth," said Nimrod Schwartz, partner with Cedar. "iamba has extensive PON experience and a strong management team. You combine that with the complete solution that the company has developed and the company is poised to extend its leadership role."

Iamba Networks Inc.

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