Monday, April 26, 2004

Ikanos Closes over $15M Strategic Financing Round

Ikanos Communications, a start-up based in Fremont, California, the receipt of more than $15 million in Series E funding for its broadband silicon solutions. Ikanos recently announced that global shipments of its programmable chipsets surpassed two million ports since volume production began in Q4 2002, with orders more than doubling since October of last year. The company said its Fiber-over-Copper Extension technology now supports equipment in the world's most advanced carrier networks in Korea and Japan, with demand accelerating in Europe and North America. The Ikanos family of chipsets includes the Fx family for FTTP/FTTH over copper and the SmartLeap family for the VDSL-DMT over copper markets. These chipsets deliver Ethernet or ATM services at data rates up to 100 Mbps downstream and 50 Mbps upstream, or symmetrical rates of 50 Mbps over single-loop copper.



The new funding was led by Copan, a venture capital fund with offices in Munich, London, and Silicon Valley, and was joined by PMC-Sierra. Ikanos' current investors, including Greylock Partners, Intel Capital, JP Morgan, Ridgewood Capital, Sequoia Capital, Telesoft Partners, TL Ventures, Walden International and VentureTech Alliance (an affiliate of Taiwan Semiconductor Manufacturing Company) also participated. http://www.ikanos.com

  • Ikanos' announced customers to date include Sumitomo Electric (SEI) and NEC (in Japan; ECI Telecom in Israel; Marconi, Siemens in Europe; Samsung, Dasan Networks, Woojyon Systec, and Millinet in Korea; and ZyXEL in Taiwan.


  • In March 2004, Ikanos Communications introduced a programmable chipset aimed at extending FTTx deployments from a neighborhood site into homes over a final stretch of existing single copper pair. Carriers could deploy fiber to the neighborhood, curb, or building and take advantage of last-mile copper for 100 Mbps connections supporting voice, high-speed data and video, including High Definition Television (HDTV). Ikanos estimates that its strategy could greatly accelerate mass provisioning of FTTx services, while cutting CapEx per subscriber to as low as $300.Ikanos Communications introduced a programmable chipset aimed at extending FTTx deployments from a neighborhood site into homes over a final stretch of existing single copper pair. Carriers could deploy fiber to the neighborhood, curb, or building and take advantage of last-mile copper for 100 Mbps connections supporting voice, high-speed data and video, including High Definition Television (HDTV). Ikanos estimates that its strategy could greatly accelerate mass provisioning of FTTx services, while cutting CapEx per subscriber to as low as $300