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Article: WaveSmith Networks Closes $30 Million Third Round, Signs Worldwide Reseller Agreement with CIENA Corporation; New Investors Include Argonaut Private Equity and CIENA.
- Article from:
- Business Wire
- Article date:
- October 21, 2002
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Business/Technology Editors
ACTON, Mass.--(BUSINESS WIRE)--Oct. 21, 2002
WaveSmith Networks, an emerging company focused on redefining multiservice switching for carriers, today announced that it has closed a $30 million third round of financing, bringing the company's total amount raised to $84.5 million. New investors in the round include Argonaut Private Equity and CIENA(R) Corporation (NASDAQ: CIEN). First and second round investors, Atlas Venture, Bessemer Venture Partners, Commonwealth Capital, and Fidelity Ventures, also participated in this latest round.
Also announced today, CIENA and WaveSmith have entered into a worldwide reseller ...