GigaTera, a company developing components for next-gen optical nets, has gotten financing from Broadband Capital and JK&B Capital

February 21, 2001

1 Min Read

ZURICH – GigaTera Inc., a company developing components for next generation optical networks, announced today that it has raised US$ 7 million in first-round venture financing led by Broadband Capital of Zug, Switzerland and JK&B Capital of Chicago, IL (USA). GigaTera Inc. has partnered with Broadband Capital and JK&B because of their excellent track record and commitment to the broadband telecommunications industry.

"The timing for this investment is excellent" said Ali Shadman, a partner with JK&B Capital. "With internet and data traffic growing exponentially, optical networking is at the center of a revolutionary change in telecommunications, comparable to that caused by semiconductors in electronics or PCs in computing".

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