USA – Tibit Communications, Inc., a Petaluma, CA based company developing network devices for fiber broadband access, raised 30m in Series C funding.
Backers included Liberty Global (LGI), Swisscom Ventures, Intel Capital, Ciena, Juniper Networks and Solasta Ventures. The company intends to use the funds to accelerate its 25G ASIC program, which will build upon its 10G ASIC and MicroPlug™ OLT product line, and scale its manufacturing capabilities. Led by Richard Stanfield, President and CEO, Tibit Communications is simplifying passive optical networks (PON) for service providers with the MicroPlug™ OLT, a pluggable OLT. The MicroPlug’s standard-based SFP+ form factor enables the device to plug into commercially available Ethernet switch platforms, expanding architecture options for carriers. All this is powered by the Tibit bridge ASIC, a small and low power 10G OLT chipset, which supports a rich feature set across both ITU-T and IEEE 10G PON standards. 25GS-PON will be the next step in PON access speeds for enterprise, multi-gig residential services and 5G wireless connectivity. Tibit is a founding member and contributor to the 25GS-PON MSA, the 25 gigabit PON standard which now includes almost 50 carriers, system vendors and solution providers worldwide. 25/06/2022
