Ikanos Communications, a start-up based in Fremont, California, filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. Citigroup Global Markets and Lehman Brothers will act as the joint book-running managers for the offering. UBS Investment Bank and Wachovia Capital Markets, LLC will act as co-managers. http://www.ikanos.com
- In April 2004, Ikanos raised $15 million in Series E funding for its broadband silicon solutions. The latest investors included Copan, PMC-Sierra, 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).
- 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 Ikanos family of chipsets includes the Fx family for FTTP/FTTH over copper and the SmartLeap family for the VDSL-DMT over copper markets. The 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.
- Ikanos’ announced customers to date include Sumitomo Electric (SEI) and NEC (in Japan; ECI Telecom in Israel; Marconi, Siemens in Europe; Samsung, Dasan Networks, Woojyon Systec, and Millinet in Korea; and ZyXEL in Taiwan.
