Actelis adds on $15M for copper-based broadband service
Actelis Networks, a Fremont, Calif.-based ethernet company that enables high speed transfers over existing copper-based wire infrastructure, has raised $15 million in a sixth financing round, according to Globes.
The company, which has its R&D center in Israel, maintains a worldwide sales network and has a number of international partners, although it has also gained deployments in both rural and metropolitan areas of the United States.
The $15 million funding was provided by ATA Ventures, The Carlyle Group, Dupont Capital and Global Catalyst Partners, while some of the investors in its previous round of $22 million, including New Enterprise Associates and Independent Venture Fund, did not return for the round. The company has raised about $177 million to date, according to VentureBeat’s records.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.