Atoga Systems, Inc., a provider of intelligent wave division multiplexing (WDM) solutions using tunable lasers, announced it has secured more than $50 million in equity and debt financing from financial and strategic investors. The new funding will enable the company to enhance product-development activities, boost sales and marketing operations, broaden customer service and support capabilities, ramp up manufacturing and expand into international markets.
Integrating Internet Protocol (IP), Synchronous Optical Network (SONET) and WDM layers into a single platform, Atoga's FastApp architecture simplifies complex service provisioning process to help carriers reduce capital and operational spending. Additionally, Atoga's solutions bring to market a simplified Quality of Service (QoS) and prioritization architecture.
The investors are Silicon Valley Internet Capital (SVIC), which provides capital and operating support for Internet infrastructure companies and Institutional Venture Partners (IVP), a fund that focuses on expansion-stage venture capital. New Enterprise Associates (NEA) and Sequoia Capital, Atoga's two original investors, confirmed their continuing support with significant participation in this round of financing.
Investment bank Dresdner Kleinwort Wasserstein also contributed to the round through its Online Markets Investments group, and will help foster key relationships for Atoga as the company expands overseas. Atoga's strategic partners, Flextronics and WindRiver Systems, also participated in this financing round, and other investors include Mentmore Venture Partners, Crescent Private Capital and AmidZad.
With the new funding, Atoga has raised more than $65 million in total investment since the company's inception in December 1999.
About Atoga:
Atoga Systems, Inc. designs, develops and manufactures intelligent, integrated WDM platforms for the optical Internet. For more information, visit www.atoga.com.