Ethernet co Actelis raises $10m
Actelis will use the capital to support its Ethernet in the First Mile products and participate in the Obama administration's broadband stimulus plan.
Shmulik Shelah08/09/2009
Ethernet over copper solutions developer Actelis Networks Inc. has raised $10 million from its current investors, Actelis investors Adams Street Partners, ATA Ventures, Argonaut Ventures, Carlyle Venture Partners, Dupont Capital Management, Global Catalyst Partners, Individuals' Venture Fund, Saints Capital, smac partners, T-Venture, Vertex Venture Capital, and Walden International Investment Group. The company had already raised $140 million since it was founded in 1998.
Actelis will use the capital to support further growth and deployment of its Ethernet in the First Mile (EFM) products by telecommunications network service providers, private enterprises in the education and healthcare IT markets, and municipalities that are upgrading city-wide transportation networks with new Intelligent Transportation Systems (ITS).
...
| Tags: | broadband, business, company, developer, education, exit, growth, healthcare, hope, investors, it, market, money, municipalities, news, president, sales, service, telecommunications, transportation |
This article is partially displayed. The full article can be purchased through our online store.
| 
|
