Mintera raises $18M Series B

"Mintera Corp. says it has landed some new funding and has stocked its board with more industry heavyweights. The company today announced an $18.5 million Series B funding round led by new investors Polaris Venture Partners and RRE Ventures."

"No matter, Mintera's future -- and the appeal of 40-Gbit/s networks -- hasn't looked this strong in a while. "We're aware of a lot of RFP activity; anyone working in the backbone needs a network that's 40-Gbit/s capable," Unter says."

Seems like the company and its product are too early to market. Time will tell.

[Light Reading]