With great joy, we report sightings of new funding in the otherwise barren optical landscape. French DWDM vendor Ekinops raised $20 million; Acton, Mass.-based 40 Gbps gear maker Mintera Networks raised $19 million (and snagged a partnership with JDSU) from the likes of Polaris Ventures; and lastly Bangalore-based Tejas Networks raised $24 million from Goldman Sachs.
2 thoughts on “Slowly Funding Returns To Optical Startups”
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Om,
Do you think Sycamore could emerge from their banking business now that Optical Switching is gaining interest again? Although now that I think of it, they probably don’t have an organization to support any new business.
5tacos
Sycamore has one good thing going for them – loads of cash. When the leadership is ready, that’s what will allow them to get all the organizational resources they need.
Getting resources is not the problem, getting leadership that is visionary enough and bold enough to execute on the vision is what’s the difficult part.
For the sake of Sycamore, they will find that vision and the leadership this time around!