Bandwidth9 Raises $80 Million

Funding round was co-led by Van Wagoner Capital Management and BlueStream Ventures

November 9, 2000

1 Min Read

FREMONT, Calif. — Bandwidth9 Inc. announced today that the company has closed an $80 million round of equity financing. Co-Led by Van Wagoner Capital Management and BlueStream Ventures, the round consisted of investors new to Bandwidth9, including American Express, Merrill Lynch Ventures, Munder Technology Fund, and Sands Brother Venture Capital. In addition, all of Bandwidth9’s major shareholders participated in the round, including Accel Partners, Institutional Venture Partners, Oak Investment Partners, Lucent Ventures, Hook Partners, and others.

Hatch Graham, Bandwidth9’s CEO and chairman states, “The successful closing of this financing round provides Bandwidth9 sufficient resources to carry out its mission of delivering solutions for ‘remote provisioning’ of fiber-optic bandwidth.” Graham goes on to say, “Incorporating Bandwidth9’s technology into their optical systems, leading equipment manufacturers will be able to support the needs for bandwidth-on-demand (dynamically and remotely provisioned bandwidth) within telecommunications carrier infrastructures at transmission rates that only optical infrastructures can provide.”

http://www.bandwidth9.com

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