Tropic Networks Closes $20 Million for its Metro DWDM

Tropic Networks, a start-up based in Ottawa, Canada, closed US$20 million in third round funding to support is metro DWDM solutions. The company has recently streamlined its business strategy to focus on the metro optical market. Tropic’s TRX-24000 platform, which was introduced last October, takes ITU grid wavelengths from an existing SONET/SDH ADM, switch or router and transports it across multiple rings while staying in the optical domain. The platform has a range of 600 km. Tropic also features a Wavelength Tracker technology that monitors and provides failure detection functionality to manage the signal as it travels throughout the network. Five existing investment firms participated in the company’s third round of financing — Celtic House Venture Partners (lead investor), Goldman Sachs’ Private Equity Group, Kodiak Venture Partners, Crescendo Ventures and the Teachers’ Merchant Bank, the private equity arm of the Ontario Teachers’ Pension Plan.
http://www.tropicnetworks.com/