BroadLight Closes $11.5M RoundBroadLight Closes $11.5M Round

RAMAT GAM, Israel -- BroadLight Inc., the leading supplier of communication semiconductors and optical transceivers for cost-effective FTTP (Fiber-to-the-Premises) PON (Passive Optical Networking) solutions, today announced the completion of an $11.5 million Series C funding round. The round was led by Israel Seed Partners and joined by prior investors Star Ventures and Delta Ventures.

Jon Medved, general partner of Israel Seed Partners, will join BroadLight's Board of Directors. "BroadLight represents the kind of fast growing company, in an explosive market, that we love to back. The PON market has finally arrived and BroadLight is very well positioned to take advantage of the broad rollout in optical access solutions." said Medved. During 2003, BroadLight gained market recognition as the leading incumbent BPON component vendor by supplying low-cost, high-performance and easy-to-integrate component solutions to Tier 1 equipment vendors who are introducing FTTP systems. The company is currently shipping production quantities of its BPON MACs, optical transceivers, and software to leading equipment vendors around the world.

"As an early investor with BroadLight, we are very pleased with the company's rapid customer traction over the last year," said Tony Maher, Managing Partner at Star Ventures and chairman of BroadLight. "This investment round will accelerate the company's growth to meet the growing demand for the 'Triple Play' (bundled voice, video, and high-speed Internet and data services)." The funds will be used by BroadLight to set up its headquarters in the USA, expand its already healthy customer base, and increase R&D efforts for standards compliant PON transceivers, semiconductor components and software stacks.

BroadLight Inc.