www.opticallynetworked.com/news/article.php/868791
By Bob Woods August 20, 2001 Salira Optical Systems, a Silicon Valley-based developer of broadband access services for the last-mile market, said it has closed on $17 million in Series B funding. Salira says it is the "first" company to provide carrier-class, IP/Ethernet systems for broadband access. The Salira team developed a break-through system architecture based on Ethernet-based Passive Optical Network (EPON) topology that is "capable of leaping the economic and technical hurdles associated with delivering broadband voice, Video and data services in the local access market," the company said at its Web site. "By setting new standards for performance, scalability and flexibility, the Salira systems address the need for carriers to provide affordable, high-speed broadband access," company officials said in a statement. Investors include Softbank Venture Capital (SBVC), Series A lead investor Vertex Management and Pacific Rim venture capital firm WI Harper, Salira also said. The completion of this second round of funding brings the total investment in Salira to $23.9 million. Salira will use the funding to continue its product development strategy. The company expects to be in customer trials with carriers and enterprise customers early next year. As a result of this new round of funding, Salira will add a new member to its Board of Directors. Gary Rieschel of SBVC will join a board which consists of current directors Dave House, CEO of Allegro Networks, Gwong-Yih Lee, senior director at Cisco, and K.T. Wan, vice president of Vertex Management. Herbert J. Martin, Salira's CEO, and Wei Gao, Salira's CTO and founder also serve on the board. |
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