Terawave Enjoys $73M 3rd Round

HAYWARD, Calif. -- Terawave Communications, the leading innovator of optical access solutions, today announced it has raised an additional $73 million in strategic financing. This current round brings the company's total funding to more than $133 million, making Terawave the highest-financed optical access network equipment start-up. The company's third round of financing includes many current investors, as well as new investors ABB Inc.; EDB Investments; KTB Network; Presidio Venture Partners; Samsung America Inc.; Samsung Corporation; Shaw Ventures Inc. and others.

"The value these strategic partners bring to Terawave is tremendous. Their investment endorses the strength of our technology and solution," stated Joseph Lias, President & COO of Terawave Communications.

http://www.terawave.com