Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Movaz Networks Closes $60 Million in Funding

Facebook Twitter LinkedIn Email Comments
ATLANTA, May 6 -- Movaz Networks, provider of optical networking solutions for the Metro Edge, Metro Access and Metro Core, has announced the closing of $60 million in funding consisting of Series C financing and a strategic business agreement.

Eight existing and new investment firms participated in the financing, including Oak Investment Partners, Worldview Technology Partners, Menlo Ventures, Meritech Capital Partners, Anschutz Investment Co., Telus Ventures, Silicon Valley BancVentures Inc. and GATX Ventures Inc.

Bijan Khosravi, CEO, Founder and Chairman of Movaz Networks, said "We anticipate this to be our last round of funding as our revenue ramp continues to be strong going into the second quarter with a very positive outlook for the remainder of the year. This funding will provide us with the financial strength to secure and support the major carriers we are engaged with."

Movaz Networks has been shipping products since the first quarter of 2001 and has won several multimillion dollar customer contracts. It has also leveraged strategic partnerships, including a manufacturing and operations solution with Flextronics.
May 2002
CommunicationsindustrialNews & Features

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.