Crescent Closes Financing

Top-Tier Team Raises Over $13M to Launch Optical-Scale Service Delivery System

January 31, 2000

1 Min Read

Crescent Networks, an emerging optical data networking system supplier, today announced that it has raised first round funding in excess of $13 million. The company is developing a new service delivery platform tailored for the most lucrative service provider opportunities of the new century.

Crescent Networks is led by a seasoned management and technical team from successful companies such as Cascade (now Lucent (NYSE:LU)), Fore Systems (NYSE: FORE), Lucent Technologies (NYSE:LU), Bay Networks (now Nortel (NYSE: NT), and GTE (NYSE: GTE). The funding round was led by three top-tier venture firms - Bessemer Venture Partners, St. Paul Venture Capital, and Venrock Associates.

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