BigBand Networks Inc. nailed down another $27 million in its third round of
The Fremont, Calif.-based provider of multimedia-routing systems announced
that it had closed its latest round, with new investors Charles River Ventures,
Lauder Partners and Comvest Ltd. Inc. joining existing investors Redpoint
Ventures, Pilot House Ventures Group LLC, Cedar Fund and Evergreen
Charles River led this round, which added $27 million for a total of $57
million raised for BigBand through the three funding rounds.
As part of the new funding round, Charles River general partner Santo Politi
will join BigBand's board of directors.
The company plans to use the funds to expand sales, marketing and development
of its broadband-multimedia-service router, launched six months ago. BMS routers
select video feeds and combine them according to local channel lineups and, in
the process, more efficiently use available bandwidth.
The routers are now serving more than 500,000 digital-cable subscribers in
Time Warner Cable, Cox Communications Inc., Rogers Cable Inc. and Blue Ridge