Actelis scores $4.7M for copper-wire ethernet
Actelis Networks, maker of equipment that lets ethernet run over copper wires, tacked $4.7 million more onto its previously raised $15 million sixth round of funding, reports VentureWire. With fiber optics becoming too pricey for many businesses, copper has become a popular alternative.
The Fremont, Calif.-based company says that of its 150 clients most are telecommunications companies. But it has recently caught business from several California cities (including Sacramento) that want to use copper ethernet for… Continue Reading
Actelis adds on $15M for copper-based broadband service
Actelis Networks, a Fremont, Calif.-based ethernet company that enables high speed transfers over existing copper-based wire infrastructure, has raised $15 million in a sixth financing round, according to Globes.
The company, which has its R&D center in Israel, maintains a worldwide sales network and has a number of international partners, although it has also gained deployments in both rural and metropolitan areas of the United States.
The $15 million funding was provided by ATA Ventures, The Carlyle… Continue Reading
Actelis, an ethernet over copper co., raises $22M more
Actelis Networks, a Fremont, Calif, company that offers telecom carriers a way of distributing ethernet over existing copper lines, said it has raised $22 million in a fifth round of venture capital.
The round was led by Adams Street Partners, and including existing investors ATA Ventures, Global Catalyst Partners, Dupont Capital, the Carlyle Group, Innovacom Venture Capital, Vertex, Walden International, New Enterprise Associates and Independent Venture Fund.
In a statement sent to VentureBeat, the company cited… Continue Reading