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FiberZone Networks Raises $11.6M

2011-07-08
FiberZone Networks Inc. has raised $11.62 million from an $18.63 million equity offering.
BETHESDA, MD, According to SEC filings, FiberZone Networks Inc. has raised $11.62 million from an $18.63 million equity offering, taking in the amount from a pair of investors.

The Bethesda, Md.-based fiber management company, which recently won the Red Herring Top-100 North America award, last reported raising $8.34 million in 2009.

FiberZone AFM brings next-generation flexibility, reliability, and automation to the fiber infrastructure. By automating end-to-end provisioning, maintenance, inventory documentation, and troubleshooting, FiberZone AFM significantly reduces operating costs, minimizes network faults and human error, and improves overall quality of service. In short, AFM transforms the physical fiber infrastructure into a managed layer.

FiberZone is led by a team of executives with wide-ranging experience in building global communications product companies. The company's highly-specialized engineering team has multidisciplinary expertise in developing systems that integrate electro-optics, lasers, material sciences and micro-mechanics.

FiberZone was founded by Yossi Arol and Zohar Avrahami. FiberZone is a privately-held Delaware C-Corporation with offices in the United States and Israel. The Company is backed by international, communications-industry focused venture capital firms Novak Biddle Venture Partners, Portview Communications Partners and StageOne Ventures.
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