CEO Orni Petruschka
MARKET Develops optical networking equipment for voice and data transmission. Unlike traditional dense
wavelength division multiplexing (DWDM), which requires all areas to upgrade to DWDM to support the
higher bandwidth, company's selective wavelength division multiplexing (SWDM) technology allows
upgrading to DWDM on a site-by-site basis. SWDM has two rings on the same fiber: areas with low
bandwidth needs share one ring, while high-bandwidth locations use a dedicated wavelength in the
other ring. Company began beta tests in November 1999 and plans a full commercial launch in second
quarter 2000. Targets communications service providers including competitive local-exchange carriers,
cable TV companies, network service providers, and large long-distance companies like AT & T.;
Competes with Optical Networks, Cerent, Astral Point, and Alidian.
FINANCE Expects to generate revenues starting in second quarter 2000. Raised a second round of $38
million in November 1999 from Eucalyptus Ventures, Soros Private Equity Partners, Anschutz Family
Investment Company, Chase Capital Partners, and Access Technology Partners (Hambrecht & Quist).
Total capital raised: $50.1 million. Plans an initial public offering in the second half of 2000. CEO
previously cofounded and headed Scorpio Communications, which was acquired by US Robotics.