Monday, August 16, 2004

Sentito Closes $28.5 Million in New Funding, Hires New Executives

sentitO Networks, a start-up based in Rockville, Maryland, raised a total of $28.5 million in new funding for its open, standards-based VoIP switching and service solutions.



sentitO's Open Network Xchange (ONX) platform enables service providers to deliver VoIP transport and services throughout their entire network. The ONX features integrated, SIP-based control of SS7/C7 Intermachine Trunk (IMT) and ISDN PRI links, and customizable XML scripting. The ONX is comprised of three components: the Intelligent Voice Gateway (IVG), the Proxy7 Signaling Gateway for integrated SS7/C7 signaling, and the PreVision Network Manager.



The funding announcement includes a previously unannounced, but recently closed $19 million dollar Series C round led by Kodiak Venture Partners and a $9.5 million dollar Series D round led by Core Capital Partners. Total funding in the company now stands at $53.5 million.



sentitO also named Rajesh Tyagi as Senior Vice President of Product Management & Customer Engineering, and Tony Zacher as Vice President of Manufacturing. Recently, Tyagi was Chief Strategy Officer & VP of Excieo Systems, and prior to that, VP of Product Management and Customer Service at Pelago Networks. Earlier, he served at Nortel Networks for 10 years. Zacher previously served as Vice President of Operations for CopperCom. Before that, he served as the Vice President of Worldwide Logistics for Nortel Networks' Bay Networks division. http://www.sentito.com/

  • In June 2004, sentitO Networks named Dennis Chateauneuf as its new CEO. Chateauneuf has held senior management positions at Sun Microsystems and Shiva Corporation. In 1998, Chateauneuf became the CEO of DTI Networks. In 2001, he merged DTI with CopperCom, and became its president and CEO.