Sunday, January 8, 2006

BTI Photonic Raises $12 Million for metro edge optical system

BTI Photonic Systems, a start-up based in Ottawa, Canada, raised a US$12.25 million in Series C financing for its optical networking solutions designed for the build-out of new broadband services at the metro edge.

BTI Photonic Systems has developed a WDM "Netstender" platform. The metro edge optical system, which is based on a photonic layer architecture, consolidates key transport capabilities: DWDM/CWDM, Optical Multiplexing, Amplification, Dispersion Compensation and Wavelength Translation.

BTI said its Netstender addresses the issues of fiber relief, reach extension, 10G, 1G, and metro Ethernet service overlay enabling carriers to deliver new high-speed services while reducing their costs and increasing their overall market footprint.

The new funding was led by BDC Venture Capital with GrowthWorks Canadian Fund as a new investor and follow-on participation from existing investors Vengrowth Capital, Lucent Venture Partners, Kodiak Venture Partners and BCE Capital.


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