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Alloptic gets $30M in fifth round

Access equipment vendor Alloptic has secured $30 million in a fifth round of venture funding, the company announced today.

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The new round, led by new investor Ritchie Capital Management and existing investor GMG Capital Management, brings the total funding raised by the six-year-old maker of Ethernet-based passive optical networking gear to $110 million.

Alloptic will use the latest funds to “extend [its] reach” in the EPON market, a company spokesperson said.

Before this week, Alloptic’s most recent round of funding was a $35 million D round in April 2003 led by GMG and Athenian Venture Partners.

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© 2012 Penton Media Inc.

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