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Stealthy Sagamore Finds FundingStealthy Sagamore Finds Funding

Broadband access startup has raised $3.5 million in venture capital, but little else is known about the newcomer

Phil Harvey

July 12, 2006

2 Min Read
Stealthy Sagamore Finds Funding

Broadband access startup Sagamore Systems Inc. isn't just in stealth mode -- it's completely unknown.

From the board to the founders, the company has amassed a series of puzzled looks and shrugs from industry sources as Light Reading has attempted to dig into what the company is doing with the $3.5 million in venture capital it raised earlier this year.

One source says the company is working on a broadband access software and hardware solution for carriers that will speed up DSL connections from the carrier side of the pipe. In other words, it presumably won't be a bookend solution like what Celite built back in the day. (See Celite's Out.)

The company's founder and VP of marketing, Eric Hedlund, hails from General Signal Networks and Turnstone Systems. He worked on DSL loop testing products at each place. Publicly available information shows he's never led a telecom equipment company before. He declined to comment for this story.

The company's sole venture capital source is Prism Venture Partners and its franchise tax reports list Bill Seifert as being on its board of directors. Seifert is best known for being the founder and CEO of Agile Networks, which Lucent bought in 1998. He was also a founder and CTO at once-famous Wellfleet Systems, the router company that was supposed to conquer Cisco (but instead ended up somewhere inside Nortel).

Prism's Website, however, lists Will Kohler as being the current board member for Sagamore. Kohler is best known for his behind-the-scenes work at Advanced Technology Ventures (ATV) and for wearing blue shirts. He also didn't return calls for this story.

Beyond that, there's little else known about the company, which is named for Sagamore, the tiny village in the town of Bourne, on Cape Cod's western side. The headquarters location isn't in Sagamore.

Until more details surface, please ping us on the boards and let us know: Is there something more to Sagamore?

— Phil Harvey, News Editor, Light Reading

About the Author(s)

Phil Harvey

Editor-in-Chief, Light Reading, Light Reading

Phil Harvey has been a Light Reading writer and editor for more than 18 years combined. He began his second tour as the site's chief editor in April 2020.

His interest in speed and scale means he often covers optical networking and the unsung technologies powering the modern Internet.

Harvey covered networking, Internet infrastructure and dot-com mania in the late 90s for Silicon Valley magazines like UPSIDE and Red Herring before joining Light Reading (for the first time) in late 2000. After moving to the Republic of Texas, Harvey spent eight years as a contributing tech writer for D CEO magazine, producing one-off columns about everything from supercomputing startups to nanotech discoveries. Those columns aged about as well as an open carton of milk on hell's front porch.

Harvey is an avid photographer and camera collector – if compulsive shopping and "collecting" are the same thing. His work can be seen by opening one of the dozen dusty shoe boxes in his attic and bedroom closet. "Don't wake up the gray cat," is his advice to art curators of the future.

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