BroadLight, the PON chip company, adds to the funding round announced in March, bringing the total to $17.9m

July 7, 2004

1 Min Read

MOUNTAIN VIEW, Calif. -- BroadLight, Inc., the leading supplier of semiconductors, software and transceivers for fiber-to-the-premises (FTTP) deployments, today announced that it has received additional series C financing from Azure Capital Partners and several existing investors, bringing the total round to U.S. $17.9 million. BroadLight had previously closed this round on March 15th with an investment by Siemens Venture Capital and prior investments by Israel Seed Partners, Delta Ventures and two strategic investors.

Following this round, Paul Weinstein, general partner at Azure Capital Partners, will be joining BroadLight’s Board of Directors. Said Weinstein “BroadLight has secured a market share lead in the North American BPON market with first-to-market products for both end of the lines. We believe the company’s product line is well positioned to continue winning strategic designs for fiber roll-outs and we are excited to be involved in their future growth potential.”

“We are extremely pleased to welcome Azure Capital Partners as a strategic investor in BroadLight,” said Andrew Vought, CEO of BroadLight. “Paul is a very savvy communications sector investor and we look forward to having him join our Board of Directors to guide our growth. We intend to use the additional funds to strengthen our current leadership position with increased R&D and an expansion of our sales and marketing efforts worldwide.”

BroadLight Inc.

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