Tech Company Financing Transactions
Tibit Communications Funding Round
Tibit Communications secured a $20 million investment round on 4/3/2019. Investors included Intel Capital.
Transaction Overview
Company Name
Announced On
4/3/2019
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Undisclosed
Investors
Intel Capital (David Flanagan)
Proceeds Purpose
The financing will be used to fund Tibit's market expansion as the company makes preparations to commercially deploy its flagship product, the Tibit MicroPlug Optical Line Terminal.
Company Information
Company Status
Private & Independent
Industry
Networking
Mailing Address
1 Willowbrook Ct. 150
Petaluma, CA 94954
USA
Petaluma, CA 94954
USA
Phone
Website
Email Address
Overview
Tibit Communications, Inc. is developing next-generation pluggable devices designed to virtualize the access network using industry leading Ethernet switching equipment. Network operators can create a new on ramp to the internet managed virtually from the cloud to the user.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Richard Stanfield
Chief Financial Officer
Bruce Warren
Chief Technical Officer
Edward Boyd
VP - Engineering
Paul Gray
VP - Engineering
Jerry Wojtowicz
VP - Operations
Norman Foust
VP - Sales
Jay Teborek
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