Native Networks raises $11.5 million

Fiber Optics Weekly Update, July 18, 2003

Native Networks completed a third round of financing, raising a further$ll.5 million. Leading the round were venture capital firms Infinity and JVP. Other existing investors taking part in the round were Alta Berkeley Venture Partners, Anschutz Investment Company, Apax Partners, Delta Capital Investments, Israel Seed Partners, SkyPoint Capital Corp., and Soros Private Equity Partners.

Native Networks offers flexible and efficient Metro Ethernet services over existing and planned fiber infrastructure. Native Networks provides advanced carrier-class connectivity platforms, designed for deployment in "first-mile" metro access infrastructure. These platforms transport and aggregate Metro Ethernet packets alongside legacy circuits/TDM services in their "Native" form over existing SDH/SONET infrastructure, in a transition-friendly solution. Native Networks' solutions enable carriers and service providers to increase differentiation and profitability by delivering a service bundle, including advanced layer-2 Metro Ethernet services such as Virtual Private LAN Service (VPLS).