Goldman Sachs and Berkeley International Capital led the round for the broadband DSL services provider

December 11, 2000

1 Min Read

REDWOOD SHORES, Calif. -- Catena Networks today announced that it has raised $60 million in a third round of financing, bringing the total invested capital to more than $100 million. These new funds will help the company execute on its vision of Creating the New Access Architecture for the mass-market deployment of broadband DSL services to residential customers.

The $60 million third round was led by new investors Goldman Sachs and Berkeley International Capital and included Attractor Investment Management. Catena's current investors also participated, including Morgenthaler Ventures, Menlo Ventures, Chase Capital Partners, Worldview Technology Partners, Bessemer Venture Partners and BCE Capital. Combined with the $45 million raised in two previous rounds of financing, Catena Networks now has secured $105 million to develop solutions that will enable service providers to deliver broadband DSL data and lifeline voice services faster, more cost-effectively and more profitably than ever before.

"We are backed by some of the high-tech industry's most experienced and influential investors," said Bob Machlin, President and CEO of Catena Networks. "This, combined with Catena's world-class engineering team and the breakthrough solutions it is developing, will give us a distinct competitive advantage in making broadband access as ubiquitous as plain old telephone service (POTS)."

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