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Comms chips

Teknovus Takes In $13M

Money is flowing fast for the PON chip crowd, as Teknovus Inc. is closing a $13 million round.

The money comes hard on the heels of rival Passave Inc.'s IPO filing last week. Teknovus's funding now totals $33 million, including a $9 million series B, announced in June 2004, and a $7 million "A" round in 2002 (see Profitable Passave Pushes for IPO, Teknovus Closes $9M Round, Hires CEO, and Teknovus Grabs $5M).

Both companies are seeing big possibilities in Asia. Passave was first to market, scoring key wins with the OEMs providing EPON gear for in Japan. But Teknovus claims it's taken the lead. Thanks to a relationship with equipment provider Corecess Inc., Teknovus claims to be the only EPON chip supplier that's gotten into ; in Japan, the company also claims KDDI Corp. is using its chips (see Teknovus, Corecess Win KT Deal).

Not surprisingly, then, Teknovus has turned to Asian sources for its money. Infotech Ventures Ltd., from Beijing, and Komura, from Tokyo, joined this round as new investors, and Teknovus had previously tapped Mitsubishi Corp., NEC Electronics Corp. (which wasn't listed as a participant in this round), and Samsung Ventures America for funding as well.

Others participating in this round include new investor Venture Tech Alliance and prior investors Partech International, Portview Communications Partners LP, SUITgrowth Fund, and U.S. Venture Partners.

BroadLight Inc. is the third PON-chip startup in the trio, although the company has concentrated on ATM-based PONs rather than EPON. BroadLight's most recent funding came about a year ago, to the tune of $17.9 million (see BroadLight Gets More Financing).

DSL chip vendor Centillium Communications Inc. (Nasdaq: CTLM) intends to join the PON market, too. And some bigger companies are in the mix as well, such as Freescale Semiconductor Inc. (NYSE: FSL).

— Craig Matsumoto, Senior Editor, Light Reading

Pete Baldwin 12/5/2012 | 3:03:52 AM
re: Teknovus Takes In $13M OK, so there's money to be had in PON. Who's next?
PON Engineer 12/5/2012 | 3:03:50 AM
re: Teknovus Takes In $13M Dear Craig,
little are the money for the optical industry, most of all in PON sector.

Customers are leveraging the tens of optical companies in the ONT/ONU sector to keep the prices down.. and that's good... it's no good when silly companies, already struggling for surviving, continue selling (or at least proposing) prices under cost.

I am very happy for teknovus andf passav+¿... but they are not "light" companies...

Anyway, to keep the moral high...
Without a laser and a bunch of PDs, it's not funny.... is'nt it?
PONlights 12/5/2012 | 3:03:44 AM
re: Teknovus Takes In $13M Teknovus in KDDI??? Hasn't KDDI stopped the activities?

Samsung as an investor is not using Teknovus, they picked Passave for NTT!

Mitsubishi as an investor is not using Teknovus, they picked Passave for NTT!

The only chip vendors left in NTT are Passave and Centillium!
PONlights 12/5/2012 | 3:03:43 AM
re: Teknovus Takes In $13M Teknovus in KDDI??? Hasn't KDDI stopped the activities?

Samsung as an investor is not using Teknovus, they picked Passave for KT!

Mitsubishi as an investor is not using Teknovus, they picked Passave for NTT!

The only chip vendors left in NTT are Passave and Centillium!
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