Infinera, the Sunnyvale company that claims it is transforming the process of data switching on high-speed telecommunications networks, has raised at least $110 million in a seventh round of funding, according to a Securities and Exchange Commission filing.
VentureWire (sub required) just reported on this.
This is an aggressive company. It is run by what chief executive Jagdeep Singh refers to as a board of “alpha males,” including folks like Vinod Khosla, of Kleiner Perkins, one of the more successful and prolific investors in the networking area, and T.J. Rodgers, who runs Cypress Semiconductor, and invested in the dynamic solar company, SunPower.
The total raised is now $315 million, and so it will be difficult for investors to make money unless there is a significant development like an initial public offering. Singh once told us the company’s targeted market is $2.5 billion. We don’t know if that target has changed, and can’t talk with the company, which has entered a quiet period.