Fiber-to-the-X (FTTX) system vendor Wave7 Optics said it closed an additional $15 million in a series C round of funding, extending the round’s total to $30.5 million.
The additional funding came exclusively from the company’s six current investors: Advanced Technology Partners, Armada Venture Partners, Lucent Venture Partners, Mellon Ventures, Morgenthaler Ventures and Oak Investment Partners.
The funding comes on the heels of several new deployments. “We have successfully deployed our Last Mile Link system in all major market segments — with now more than two dozen customers in the ILEC, CLEC, MSO, utility-owned network, and municipality sectors,” said Tom Tighe, Wave7’s president and CEO.