BrightLink Networks Closes $35.8 Million Round of Funding; Optical Switch-Maker Increases Momentum of System Deployment with More than $113 Million in Investment.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--June 19, 2001 BrightLink Networks Inc., a supplier of optical switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. for the telecommunications industry, today announced it has secured an additional $35.8 million in funding. Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. ePlanet, an existing investor, led the round. Proceeds from the round will be used to fund additional customer trials for the BOSS 1000 optical switching system and to move into revenue shipments. Other participants contributing to this round include Draper Fisher Jurvetson, The Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Group Inc., Menlo Ventures, Mitsui & Co. (USA), The Sprout Group, and Vision Capital bringing BrightLink's total private investment to more than $113 million. Warren Packard, Managing Director of Draper Fisher Jurvetson said, "We are confident in BrightLink's ability to deliver profitable products. We strongly believe in the company and the market opportunity." Paul Schaller, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Brightlink said, "The new investment will help BrightLink power through crucial carrier trials for the BOSS 1000 and move into revenue shipments. This investment from top-tier investors confirms BrightLink is accurately addressing the needs of Inter-Exchange Carriers (communications) inter-exchange carrier - (IXC) A company allowed to handle long-distance calls following the break-up of the Bell system in the US by anti-trust regulators. that have become more selective customers since the technology downturn." About BrightLink Networks Inc. Headquartered in Sunnyvale, Calif., BrightLink is a pioneer in providing on-demand optical switching technology to the long-haul carrier market. The company began operation in 1998. BrightLink is privately funded and has secured more than $113 million in four rounds of funding, including investment from Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Comdisco, Draper Fisher Jurvetson, Draper drap·er n. Chiefly British A dealer in cloth or clothing and dry goods. [Middle English, weaver or seller of cloth, from Old French drapier, from drap, cloth; see Fisher Juvetson ePlanet, Global Crossing Ventures, The Goldman Sachs Group Inc., Menlo Ventures, Mitsui & Co, The Sprout Group, and Vision Capital. For more information, visit BrightLink Networks on the Web at www.brightlink.com. |
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