Galazar Networks, a semiconductor vendor of Ethernet, T1/E1 and SONET/SDH access solutions, has announced the closing of a $6.6 million Series C round of financing.
The round was led by Business Development Bank of Canada (BDC) Venture Capital, and included a new investor Mitsui and Company and returning investors, Skypoint Capital Corporation, VenGrowth Capital Partners, Katsura Investments, Desjardins Venture Capital Group, RBC Capital Partners and Goldman Sachs.
Galazar Networks has now raised a total of $28.5 million in venture funding to date.
Richard Deboer, CEO of Galazar Networks, said, "This financing validates Galazar's execution in delivering Ethernet transport solutions for wireline, wireless and triple play network transitions to Ethernet based architectures. This funding will support the expansion of the company's product line for next generation carrier Ethernet services".
Ottawa based Galazar Networks is a semiconductor vendor focused on developing framers for carrier-grade Ethernet over SONET/SDH (EoS) and multi-service line cards. Its products support SONET/SDH, PDH (DS3/E3, DS1/E1), data (Ethernet, packet, private line) and SAN services (Fibre Channel, FICON, ESCON, Gigabit Ethernet).