PacketLight Raises $4M

PacketLight Networks announces that it had completed a round of financing with $4 million

August 4, 2004

1 Min Read

KFAR-SABA, Israel -- PacketLight Networks (www.PacketLight.com), a developer of multi-service optical transport and access systems for the Metro, announced today it had completed a round of financing. Yehuda and Zohar Zisapel and RAD Ventures join current investors, Pitango Venture Capital. PacketLight will join the RAD-Bynet group. Following the investment Mr. Yehuda Zisapel, President of RAD-Bynet Group and Mr. Zohar Zisapel, Chairman of RAD Data Communications will join PacketLight's board of directors.

PacketLight offers a range of products for storage and data over SONET/SDH, using the latest GFP/VCAT and FC-BB standards and DWDM/CWDM. The company's new product line allows carriers and enterprises to use the existing SDH/SONET and CWDM/DWDM networks to provide high-speed storage and data services, such as Fibre Channel, GbE, FICON, and ESCON over large distances-without performance degradation-and in variable sub-rates.

"We are excited to join the RAD-Bynet group and benefit from both the business and technology aspects that will come from being a part of this successful group of companies," states Yaki Luzon, acting CEO and VP Marketing of PacketLight Networks. "Furthermore, we are pleased to get validation of our offering through the Zisapel investment and the continued support of our current investors at Pitango."

PacketLight Networks Ltd.

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

You May Also Like