Sunday, May 8, 2005

Entrisphere Raises $75 Million in Third Round Financing

Entrisphere, a start-up based in Santa Clara, California, raised $75 million in Series C financing for its network access equipment.

The new funding was led by VantagePoint Venture Partners and included all of Entrisphere's existing investment group-Accel Partners, Benchmark Capital, CDP Capital, Crosspoint Venture Partners, Duff Ackerman & Goodrich, El Dorado Ventures, Ontario Teachers' Pension Plan Board, and STAR Ventures.

Entrisphere also announced that Cynthia Ringo, managing director at VantagePoint Venture Partners, has joined the Entrisphere Board of Directors.

  • Earlier this month, Entrisphere introduced an Optical Network Terminal (ONT) designed to interoperate with its Broadband Loop Multiplexer or other standards-compliant Optical Line Terminals (OLTs) for delivering PON-based triple play services to subscriber homes.

  • In March 2005, Entrisphere introduced its Broadband Loop Multiplexer (BLM) 1500, which is designed to integrate all major access network service and transport functions on a single platform, including PON OLT, NGDLC/DSLAM, packet voice gateway, as well as IP and analog video support along with SONET and IP transport. Based on an 18-slot, fully hardened 14RU chassis, the BLM 1500 can deliver any service from any slot through a variety of Entrisphere solutions for Video services, High Speed Data service, Packet Voice services, Ethernet, and Transparent LAN service, all with a unified management interface. Specific applications include FTTP, FTTC, Fiber-to-the-Node (FTTN), IGMP-based switched digital video or IPTV, RF video, VoIP and packet voice (H.248), ADSL and ADSL2+, Gigabit Ethernet, Fast Ethernet, OC-48, T1 (HiCap), DS3, and POTS.

  • Entrisphere is headed by Mark Floyd, who previously was a founder of Efficient Networks (acquired by Siemens). The company is based in Santa Clara, California with an office in Plano, Texas.


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