For the first nine months of 2004, venture capital investments totaled $15.3 billion compared to $13.3 billion for the first nine months of 2003. At the current pace, full year 2004 is expected to exceed 2003’s total of $18.7 billion.
Telecommunications [investing] continued to languish as it has for the past two years, attracting $450 million, or 10 percent of all venture capital. Of the 58 companies funded, most were follow-on rounds. The networking industry followed a similar pattern with $314 million, or 7 percent of total dollars, with 43 companies funded.
As the editors recap Light Reading's event series on network functions virtualization (NFV) and software-defined networking (SDN), technologies like 5G and edge computing arrive just in time to hurry the industry along its path to more modern networks and add plenty of drama.