Fiber Optics News

Akara Reels In $30M In Second-Round Funding.

Akara secured $30 million in second round funding led by VenGrowth, one of Canada's leading venture capital firms. There was also strong participation by Corning Innovation Ventures, Dain Rauscher Wessels Morgan Keegan, Presidio Venture Partners LLC, Sumitomo and first round investors Battery Ventures and Greylock Partners.

Akara's optical service management solution, comprised of the Optical Utility Services Platform (OUSP) and Optical Utility Services Manager (OUSM), increases service providers and carriers' ability to meet the enterprise demand for delivery and management of services and applications.

Despite a massive build-up of optical bandwidth in the network core, service providers and carriers have been faced with the challenge of transforming that bandwidth into the high-value services that the enterprise market is demanding. …

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