Tech Company Financing Transactions
Tibit Communications Funding Round
Tibit Communications secured a $30 million Series C financing round on 6/23/2022. Investors included Liberty Global, Ciena and Intel Capital.
Transaction Overview
Company Name
Announced On
6/23/2022
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series C
Investors
Proceeds Purpose
The investment will be used immediately to accelerate Tibit's 25G ASIC program, which will build upon its successful 10G ASIC and MicroPlug� OLT product line. 25GS-PON will be the next big step in PON access speeds for enterprise, multi-gig residential services and 5G wireless connectivity.
Company Information
Company Status
Private & Independent
Industry
Networking
Mailing Address
1 Willowbrook Ct. 150
Petaluma, CA 94954
USA
Petaluma, CA 94954
USA
Phone
Website
Email Address
Overview
Tibit Communications, Inc. is developing next-generation pluggable devices designed to virtualize the access network using industry leading Ethernet switching equipment. Network operators can create a new on ramp to the internet managed virtually from the cloud to the user.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Richard Stanfield
Chief Financial Officer
Bruce Warren
Chief Technical Officer
Edward Boyd
VP - Engineering
Paul Gray
VP - Engineering
Jerry Wojtowicz
VP - Operations
Norman Foust
VP - Sales
Jay Teborek
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