Wednesday, September 19, 2007

Teknovus gets $28 million funding

Teknovus, one of the leading companies making EPON chipsets, yesterday announced $28 million funding from a group of equity firms. New investors in Teknovus include Lightspeed Venture Partners and the Galleon Crossover Fund, Vision Venture Capital from Taiwan and Technology Alliance Investment and Itochu Technology Ventures from Japan. Teknovus’ existing investors also participated in this round, including USVP, Partech, Focus, Samsung, and Mitsubishi.

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