Monday, October 15, 2007

Mintera Raises $19 Million for 40G

Mintera, a start-up based in Acton, Mass., raised a $19 Million in Series C funding for its high bit-rate optical transport systems for metro-core, regional, long-haul and ultra long-haul optical networks. The company will use the financing to complete the commercial launch of its new, 300-pin DWDM 40Gbps Adaptive-DPSK Module, to release new features on its MI 40000XS platform and to develop new solutions at higher bit-rates (100 Gbps) based on its proprietary technology.

This latest round of venture capital financing was co-led by investors Polaris Venture Partners and RRE Ventures. JDSU joined the round as an investor and strategic partner. Existing investors including Court Square Ventures, Star Ventures and Portview Communications Partners also participated in the round. This financing brings the total amount raised by Mintera to more than $73 Million.

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