Ocular Networks Gets $30 Million in Second Round Financing
RESTON, Va., Jan. 17 -- Ocular Networks Inc., a developer of optical networking solutions for metropolitan area networks, today closed its second round of funding, securing $30 million and bringing the total amount the company has raised to date to $50 million. JAFCO Ventures and Comdisco Ventures now join Bessemer Venture Partners, Columbia Capital, and Highland Capital Partners as Ocular's investors. Ocular will apply the money raised to scale its manufacturing capacity, expand its sales force, and continue ongoing development of its metro optical product line, currently in trials.
Ocular's Single Switch architecture enables carriers and providers to support their current traffic mixes and migrate automatically to higher future ratios of ATM and IP traffic, without additional investments in switching infrastructure.
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