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Ikanos Closes over $15M Strategic Financing Round

Ikanos Communications, a start-up based in Fremont, California, the receipt of more than $15 million in Series E funding for its broadband silicon solutions. Ikanos recently announced that global shipments of its programmable chipsets surpassed two million ports since volume production began in Q4 2002, with orders more than doubling since October of last year. The company said its Fiber-over-Copper Extension technology now supports equipment in the world’s most advanced carrier networks in Korea and Japan, with demand accelerating in Europe and North America. The Ikanos family of chipsets includes the Fx family for FTTP/FTTH over copper and the SmartLeap family for the VDSL-DMT over copper markets. These chipsets deliver Ethernet or ATM services at data rates up to 100 Mbps downstream and 50 Mbps upstream, or symmetrical rates of 50 Mbps over single-loop copper.

The new funding was led by Copan, a venture capital fund with offices in Munich, London, and Silicon Valley, and was joined by PMC-Sierra. Ikanos’ current investors, including Greylock Partners, Intel Capital, JP Morgan, Ridgewood Capital, Sequoia Capital, Telesoft Partners, TL Ventures, Walden International and VentureTech Alliance (an affiliate of Taiwan Semiconductor Manufacturing Company) also participated. http://www.ikanos.com

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