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Venture Capital News: Tibit Communications Nabs $30M Series C

2022-06-23
PETALUMA, CA, Tibit Communications announced today a significant increase to investment in both its 10G PON manufacturing capacity and 25G PON program.
Tibit Communications, a company developing the world's most innovative network devices for fiber broadband access, announced today a significant increase to investment in both its 10G PON manufacturing capacity and 25G PON program.

This $30M investment, Tibit's Series C round, includes Tibit's current investors Liberty Global (LGI), Swisscom Ventures, Intel Capital, Ciena, Juniper Networks and Solasta Ventures.

Tibit Communications is simplifying passive optical networks (PON) for service providers with the MicroPlug™ OLT, the world's first pluggable OLT. Founded in 2014, Tibit has introduced a fundamental change to the architecture and economics of PON solutions, which have been mostly constrained to proprietary, chassis-mounted architectures available from only a few global vendors. The MicroPlug's standard-based SFP+ form factor enables the device to plug into commercially available Ethernet switch platforms, greatly expanding architecture options for carriers. All this is powered by the Tibit bridge ASIC, the world's smallest and lowest power 10G OLT chipset, which supports a rich feature set across both ITU-T and IEEE 10G PON standards.
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