iamba Networks Snags $7M For Optical Networking Products

Cupertino-based iamba Networks, which develops Gigabit Passive Optical Networking (CPON) systems, said this morning that it has raised another $7M in funding. The funding came from existing investors Pitango Venture Capital, Cedar Fund, Giza Venture Fund and Kreos Capital. The firm said the funding will be used to enhance its product portfolio, to increase its sales and customer support teams, and expand to new regions. iamba's R&D operations are in Israel. More information »