PacketLight Raises Funding for Optical Transport/Access

PacketLight Networks, a start-up based in Kfar-Saba, Israel, closed a new round of funding for its optical transport and access systems. Yehuda and Zohar Zisapel and RAD Ventures join current investors, Pitango Venture Capital. PacketLight will join the RAD-Bynet group. Following the investment Mr. Yehuda Zisapel, President of RAD-Bynet Group and Mr. Zohar Zisapel, Chairman of RAD Data Communications will join PacketLight's board of directors. Financial terms were not disclosed.



PacketLight offers a range of products for storage and data over SONET/SDH, using the latest GFP/VCAT and FC-BB standards and DWDM/CWDM. http://www.packetlight.com/