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makes switches that routre internet traffic along fiber optic allowing transmissionof data, voice and video at highere volumes and higher speeds. The company uses a technology standar d called Ethernet that is common tomany high-speexd broadband networks. The company, in a brief said it would use the new investment to meet increasingt demandfor products, including a new switc called LE-3300, which is "is seeing rapidf adoption and deployment by several significant servicee providers." Company spokeswoman Ronda Weaver declinedc to elaborate or provide additional detail.
Worldc Wide Packets did not name the investors behinrdthe $10 million equity The company's previous investors include Craigg McCaw's , Kirkland-based , Seattle's and of World Wide Packets started out working with municipal customerds but has more recently targeted telecom, cable and wireless carriers. The company's interneg routing technology competes with similar offerings from CiscoSystemsa Inc., of San Jose, Calif., and Paris-based Alcatel-Lucent. Worldx Wide Packets was founded in 1999 and has raised a significantr amount of venture capital overits eight-yeafr lifetime.
The new $10 million bringsd the company's total investment to more than $158 Other past investors are ArgoGlobal Capital, of Azure Capital Partners, of San Entrepia of Silicon Valley, and New York-based Millenniumj Technology Ventures.
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