Amber Raises $91M Third Round

Record investments reaffirm Amber's market-leading position

July 24, 2000

1 Min Read

SANTA CLARA, Calif. -- Optical Internet startup Amber Networks today announced the closing of its third round of funding from a mix of leading venture capital firms, strategic investors and investment banks. The $91 million investment will fund the company's product development, sales, marketing and operations capabilities.

This investment round was led by Invesco Private Capital, one of Amber's current investors. New investors include: Pequot Capital Management, TMCT Ventures, and Government of Singapore Investment Corporation. Involved investment banks include: Banc of America Securities, Chase H&Q's Access Technology Partners LP, Credit Suisse First Boston, and Morgan Stanley Dean Witter. Strategic investors are: Enron Broadband Services (NYSE: ENE), Williams Communications (NYSE: WCG), and Toshiba America Electronic Components Inc. Original investors Accel Partners and ITV/Infinity Capital also participated in the third round.

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