Scintera Raises $12M

Scintera announced today that it has closed its Series C financing; has appointed CFO; and has added to its board of directors

June 26, 2006

1 Min Read

SAN JOSE, Calif. -- Scintera, Inc., the developer of industry leadingGigabit Signal Processor™ (GSP™) semiconductor solutions for 10 Gigabit EthernetLRM and other high-speed communications markets announced today that it has closedits Series C financing; has appointed Scott Gibson as chief financial officer; and hasadded former Broadcom CEO, Alan E. “Lanny” Ross, to its board of directors. Togetherwith Scintera’s technology and market opportunity, these key elements will help topropel Scintera into the next phase of growth and to enable the proliferation of lowpower,high-performance 10GBASE-LRM (10 Gigabit Ethernet over Multimode Fiber)into the enterprise market. LRM allows enterprise customers to seamlessly upgrade theirexisting fiber infrastructures from 1Gb/s to 10Gb/s without having to reinstall moreexpensive fiber.

Series C Funding Brings New Investor to Scintera
The Series C funding of $12M was led by new investor Ridgewood Capital, andincluded all of its current investors August Capital, Kleiner, Perkins, Caufield andByers, and Sevin Rosen Funds. Elton B. Sherwin, senior managing director ofRidgewood Capital will join Scintera’s board of directors. This round of financing willbe used to ramp production of the 10GBASE-LRM EDC (Electronic DispersionCompensation) solution and invest in other synergistic wireline and wireless markets forits unique high-speed, low-power signal processing platform.

“Ridgewood Capital is a great addition to our strong investor team,” said Art Reidel,chief executive officer of Scintera. “We look forward to utilizing their deep industryexperience and we welcome Elton to our board.”“Scintera’s proven technology will enable enterprise networks to support 10GE,” saidElton B. Sherwin, senior managing director of Ridgewood Capital. “The 10 GigabitEthernet market will explode over the next few years and Scintera will be at the center ofthis growth.”

Scintera Networks Inc.

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