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FlexLight Raises $17 Million for Gigabit PONs

FlexLight Networks, a start-up based in Atlanta, Georgia and Kfar Saba, Israel, secured $17 million in third round funding for its development of a Gigabit Passive Optical Networking (GPON) solution for the last mile. FlexLight’s Optimate suite of GPON products is currently in trials and deployment with large service provider customers around the world. The products, which are based on the new ITU-T GPON standards known as G.984.x, deliver Ethernet and TDM access solutions for Fiber To The Building (FTTB) networks. The new funding round included outside investment from St. Paul Venture Capital, Accel Partners and Applied Materials Ventures, in addition to continued investment support from existing investors, Concord Ventures and Coral Ventures.
http://www.flexlight-networks.com

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