Actelis Networks raises $23 million in Series D

February 7, 2005

1 Min Read

FREMONT, Calif. -- Actelis Networks, the first company to deliver fiber-quality Ethernet services over existing copper networks announced it has raised $23 million in Series D funding. ATA Ventures led a tier-one panel of investors that included, Innovacom Venture Capital, Dupont Capital Management, The Carlyle Group, Walden International, New Enterprise Associates and Vertex. To date, Actelis has raised close to $100 million from blue-chip venture partners. In addition to strengthening carrier alliances, the new funds will be used to advance worldwide sales and deployments of Actelis high-speed access systems.

   Actelis' award-winning product portfolio enables service providers and private network operators to use the existing copper infrastructure to provide premium long-reach voice, video and data services quickly and universally.

   "Actelis is the clear market leader in the Ethernet-over-Copper space with a strong track record of deployments in public and private sectors," said Hatch Graham, managing director of ATA Ventures. "We were repeatedly impressed by field testimonials from the people who work with Actelis' systems everyday. The system deploys in hours and delivers fiber-quality broadband services over copper plant of widely varying quality. Actelis leads a fast-growth market with the dominant solution for delivering business-grade voice, video and data quickly and efficiently."

Actelis Networks Inc.

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