P-Cube Lands $20 Million

Singapore Telecom and Sandoz Foundation among investors in 2nd round of funding for service provisioning startup

October 31, 2000

1 Min Read

SANTA CLARA, Calif. -- P-cube Inc., an industry innovator developing the first Service EngineeringTM solutions for broadband IP service monitoring, provisioning, and service creation, announced the completion of a $20 million second round of financing. P-cube's first financing round was completed in November 1999 and raised $10 million from top tier Silicon venture capital firms including Accel Partners and Communications Ventures, as well as Singapore-based TDF and Israeli firms Evergreen and Microdent. Participating in the latest investment round are all of P-cube's current investors and a number of new strategic investors, including industry powerhouses Sandoz Foundation and Singapore Telecom.

"P-cube's innovative Service Engineering solution represents a major paradigm shift within the Internet infrastructure, which will revolutionize Internet Service Provider revenue models. With this second financing round, we have formed key alliances with some of the world's top telecommunications/Internet powerhouses, launching P-cube as a global Internet infrastructure player," said P-cube's CEO Yuval Shahar. "We are beginning to enable service providers around the world in taking control of new high-value services deployed over their infrastructure, providing their customers with new powerful and flexible service offerings."

http://www.p-cube.com

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