"Actelis Networks, which makes platforms that enable high-bandwidth broadband services over existing copper wires, closed a $23 million Series D round, said President, Chief Executive and Co-Founder Tuvia Barlev."
"New investor ATA Ventures led the down round, which closed a week ago. Previous investors Innovacom, Carlyle Venture Partners and Vertex Management all increased their share in the company and new investor Dupont Capital also contributed. ATA and Dupont hold the biggest stakes in the company."
"Other investors include USVP, Walden International, Global Catalyst Partners, Vertex Management, Anschultz Investment Co., Salomon Smith Barney, meVC Draper Fisher Jurvetson Fund I and Innovacom."
"Significant revenue didn't come until the last quarter of 2003, since which time Actelis has installed platforms in over 1,000 systems for 20 to 30 telecom service providers."
Is ethernet over copper finally ready for primetime?
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