OADX vendor edgeflow gets funding
edgeflow, an upstart networking vendor based in Ottawa, today announced it has raised the $24 million in Series A funding needed for customer trials of its optical add/drop switch (OADX).
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The OADX combines the functionality of optical add/drop multiplexers (OADMs) and optical cross connects (OXCs) for about 20% of the cost and footprint required by other metro solutions, according to the company. By using a transparent fabric that is bit-rate and protocol independent, the OADX is designed to provide performance monitoring and point-and-click provisioning of wavelengths.
Much of edgeflow’s executive team previously worked at Newbridge Networks before that company was bought by Alcatel.
The lead investors in this round were Sierra Ventures and Newbury Ventures, a private-equity firm focused on investments in communications and information technology companies. Joining seed investor Venture Coaches are new investors Desjardins Venture Capital Group, Primaxis Technology Ventures, RBC Capital Partners Telecom Fund, BTG and Pan Dacom Networking AG of Germany.
--Donny Jackson, news editor
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© 2012 Penton Media Inc.
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