The company has raised $133 million, including the current round, since it was founded in 1998.
Copper wire Ethernet carrier solutions developer Actelis Networks Inc. has raised $15 million in its sixth financing round. A limited number of the company's investors participated in the round: ATA Ventures, The Carlyle Group, Dupont Capital, and Global Catalyst Partners. The company has raised $133 million, including the current round, since it was founded in 1998.
Actelis's products provide high bandwidth Ethernet services over existing copper infrastructure, enabling service providers and enterprises to offer new broadband services to business customers without the laying of new infrastructure. The company also develops Ethernet access and management products. The company's products provide speeds of up to 100 Mbps over copper wire.
Actelis has announced a number of contracts with international customers in recent months, including with Switzerland's Cyberlink Internet Services
Vertex Venture Capital sold its stake in Actelis to Siemen AG's (NYSE: SI; XETRA: SIE) venture capital arm smac six months ago.
Published by Globes [online], Israel business news - www.globes-online.com - on May 28, 2008
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