Actelis Networks Raises $23 Million Series D
ATA Ventures and Dupont Capital Join Tier-One Panel of Investors
Fremont, California February 7, 2005 - Actelis Networks, the first company to deliver fiber-quality Ethernet services over existing copper networks announced it has raised $23 million in Series D funding. ATA Ventures led a tier-one panel of investors that included, Innovacom Venture Capital, Dupont Capital Management, The Carlyle Group, Walden International, New Enterprise Associates and Vertex. To date, Actelis has raised close to $100 million from blue-chip venture partners. In addition to strengthening carrier alliances, the new funds will be used to advance worldwide sales and deployments of Actelis high-speed access systems.
Actelis' award-winning product portfolio enables service providers and private network operators to use the existing copper infrastructure to provide premium long-reach voice, video and data services quickly and universally.
"Actelis is the clear market leader in the Ethernet-over-Copper space with a strong track record of deployments in public and private sectors," said Hatch Graham, managing director of ATA Ventures. "We were repeatedly impressed by field testimonials from the people who work with Actelis' systems everyday. The system deploys in hours and delivers fiber-quality broadband services over copper plant of widely varying quality. Actelis leads a fast-growth market with the dominant solution for delivering business-grade voice, video and data quickly and efficiently."
"No one else is delivering this kind of range and speed with quality performance on par with fiber optics," said Anand Gowda, principal of The Carlyle Group. "Actelis opens up a new world of practical opportunities for provisioning voice, video and a much higher quality of media over internet infrastructures."
Actelis Powers the World's Most Critical Communications Networks.
Actelis systems allow carriers and service providers to deploy ultra fast broadband on demand at distances up to 18Kft (5.5km)and beyond from Central offices or Remote Terminals. Network planners see hybrid fiber-copper infrastructures as key to mass, immediate provisioning of high-speed services. Actelis' broadband over copper systems offer superior field resiliency and can be re-deployed as fiber reaches wider into the access network. Awarded for performance excellence, coupled with trouble-free installation and management, Actelis high-speed access systems now power telco-grade as well as military sensitive communications networks around the world.
"The broad backing we've received from our partners in the service provider community is a strong testament to the vital role Ethernet over Copper plays in new network strategies," said Tuvia Barlev, founder and CEO for Actelis Networks. "Actelis is dedicated to providing practical, high-performance products that offer service providers and network operators' ultra fast return on investment, same day deployment and low CAPEX risk."
Recent standard specifications put forth by IEEE and ITU-T are critical milestones in the global market development of ultra high-speed broadband over copper. They recognize that delivering Ethernet and other high quality services over the copper access network is fundamental to content innovation and a richer array of communication services in this generation. (Editors Note: See Actelis release dated 01.17.05: Actelis Networks Is First in Delivering High-Speed Access Systems in Compliance With New ITU Recommendations on Multi-Pair Bonding)
Actelis offers a broad range of carrier-grade access systems for telco and enterprise networks as well as government and military installations. Generally available for over a year and now deployed worldwide, Actelis' high-speed access systems support some of the world's most critical communications networks.
Notes to technical editors:
Actelis' MetaLIGHT 50, 1300 and 130 platforms are compliant with G.998.2 (Ethernet transport) similar to the IEEE 802.3ah EFM standard, while the MetaLIGHT 100E and MetaLIGHT 1500 are compliant with G.998.3 (multi-service), which includes the Time-Division Inverse Multiplexing (TDIM) bonding protocol that was contributed to the standard by Actelis.