Sunday, October 1, 2006

Mintera Raises $10 Million for 40 Gbps Optical Systems

Mintera, a start-up based in Acton, Mass., raised $10 million in venture funding for its 40 Gbps optical transmission systems.

Mintera offers optical transport sub-systems for metro-core, regional, long-haul and ultra long-haul optical networks.

The company said it will use the financing to complete the commercial launch of its new, 40 Gbps product platform, the MI 40000XS. This new platform, based on the emerging ATCA 300 standard, enables 40 Gbps DWDM transport up to 2500 km without regeneration and increases carrier capacity without the need to change existing infrastructure. The MI 40000XS, which is already being integrated into partners' DWDM transport systems, is scheduled to begin shipping during Q4 2006.

The funding was co-led by investors Polaris Venture Partners and RRE Ventures. Also participating in the round are existing investors including Court Square Ventures, Star Ventures and Portview Communications Partners. This financing brings the total amount raised by Mintera to more than $54 Million.

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