World Wide Packets Closes Additional $8.7 Million in Funding

World Wide Packets, a start-up based in Spokane, Washington announced a second close to its current round of funding, bringing the total new investment to approximately $24.5 million. Earlier this year, the company raised $15.7 million in the first closing of its third round of funding for its Ethernet-based last mile access solutions. New investors Argo Global Capital and Entrepedia Ventures participated in the oversubscribed second close of $8.7 million.



World Wide Packets features a Layer 2 Ethernet-to-the-Subscriber architecture that runs over either copper or active fiber connections. The company's product line spans central office aggregation boxes, neighborhood concentrators and customer premise equipment, supporting IP voice, video and data services. World Wide Packets also provides a network management system with extensive provisioning capabilities. Because it leverages a Layer 2 Ethernet network architecture, the company said its network architecture more easily accommodates wholesale service models whereby multiple ISPs, voice carriers or video providers share the same network. http://www.worldwidepackets.com