# BYNET

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bynet

- Industry: Telecoms
- Headquarters: Shenzhen, China
- Website: www.szbynet.com
- Latest round: Series B (Nov 6, 2024)
- Investors on record: 1

## About

Shenzhen Bynet Communication Technology Co., Ltd. was founded in 2010 in Shenzhen, China. The company focuses on manufacturing optical communication products.  In November 2024, Bynet raised an amount of Series B funding from Cowin Capital to support its growth initiatives. The company has conducted a total of 1 deal, with the most recent deal dated November 6, 2024. 

Shenzhen Bynet Communication Technology Co., Ltd. is engaged in the manufacturing of optical communication products, providing a comprehensive range of fiber optic solutions tailored to diverse client needs. Their core offerings include MPO/MTP patch cords, transceivers, interconnect assemblies, and various types of fiber optic cables designed for both indoor and outdoor applications. These products are integral in establishing data transmission systems and serving end users in sectors such as telecommunications, data centers, and enterprise networks. Their products are sold across multiple international markets, enhancing connectivity for users in North America, Europe, and Asia. 

Shenzhen Bynet Communication Technology Co., Ltd. generated revenue of USD 5.31 mn in 2018, with an EBITDA of USD 328,718.4 for the same year. The company primarily generates revenue through direct B2B transactions with clients in the optical communication sector, working closely with telecommunications firms and distributors to supply its products, including fiber optic cable assemblies and Wavelength Division Multiplexers. Transactions typically involve bulk orders for integration into clients' networks and infrastructure projects, with pricing structures based on the specifications and quantities ordered. 

In November 2024, BYNET raised an amount of Series B funding, which will be utilized to expand production capacity, enhance research and development capabilities for new products and technologies, and increase the company's market share. Specific plans for future growth include the launch of new optical communication products aimed at emerging markets by 2025. The company is targeting expansion into regions such as Southeast Asia and South America, where demand for high-quality fiber optic solutions is increasing.

## Funding rounds

- Series B, Nov 6, 2024 — Cowin Capital

## Investors

- Cowin Capital (https://capitalatlas.ai/funds/cowin-capital) — Series B