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Scintera, developer of high-speed signal processing technology, has secured $9.5M in its second round of financing
January 7, 2004
SAN JOSE, Calif. -- Scintera Networks, a technology start-up and a leader in developing high-speed signal processing technology for high-speed communications, announced today it has raised $9.5 million in a second-round of private venture funding. Kleiner, Perkins, Caufield & Byers, led the second round with participation from existing investors August Capital and Sevin Rosen Funds. The new round brings Scintera’s funding to date to $17.7M
In September, Scintera introduced its ground-breaking Advanced Signal-Processing Platform™ (ASPP™) that enables very high-speed signal processing at 10 gigabits per second and beyond. Scintera is shipping the SCN3142 Electronic Dispersion Compensation Engine device for Enterprise and Storage applications and the SCN5028 Electronic Dispersion Compensation Engine device for Metro applications based on ASPP to virtually all major OEMs. Both these products are a significant advancement in enabling intelligent and cost-effective, next-generation networks and communications systems, and will significantly accelerate the adoption of 10G transmission over the existing fiber infrastructure.
“Scintera has delivered products to major OEMs for both Enterprise, Storage and Metro applications, which distinguishes them from others in this market,” said Doug Mackenzie, managing partner from Kleiner, Perkins, Caufield & Byers, “We view Scintera as a company with great potential, and its team as world-class communications experts.”
Scintera’s second round funding is being used to expand all aspects of the company as major Enterprise, Storage and Telecom OEMs ramp into high volume production to meet the demand for 10 Gigabit bandwidth.
Scintera’s products will enable cost-effective upgrades of existing Gigabit backbone connections between enterprise switches and data centers to 10 Gigabits seamlessly. In the Metro Networks, they will enable the cost-effective upgrade of OC-48 to OC-192 and pave the way for the deployment of broadband services and applications, while preserving the installed infrastructure.
Scintera Networks Inc.
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