# Ciena Corporation

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

- Industry: Telecoms
- Headquarters: US
- Website: www.ciena.com/
- Latest round: Series C (Dec 1, 1995)
- Investors on record: 6

## About

Ciena Corporation, founded in 1992 in the US, specializes in high-speed networking solutions. The company underwent an IPO in February 1997, raising USD 115.00 mn by selling 5 million shares at USD 23 per share on the NYSE. Ciena has completed a total of 7 deals. RHO Capital Partners exited its stake in the firm during the latest deal. Ciena is recognized for its advanced high-speed connectivity solutions, primarily centered around networking systems, components, automation software, and services designed to enhance data transmission and network management. Its core product offerings include innovative long-haul solutions, intelligent open line systems, and AI-powered multi-layer network control, which enable clients to optimize capacity and operational efficiency across wide-area networks (WANs) and within data centers. Ciena's GeoMesh Extreme platform unifies submarine, terrestrial, and cloud networks, providing unprecedented levels of capacity, latency, and sustainability. The company caters to a diverse clientele, including telecommunications service providers, cloud providers, and enterprises across North America, Europe, and Asia-Pacific, addressing the growing demands for AI-driven connectivity and operational excellence among their users. Ciena's revenue for the most recent year, 2024, amounted to USD 4,014.96 mn, with an EBITDA of USD 300.09 mn. The company generates revenue through a combination of product sales, service subscriptions, and partnerships with customers across various sectors. Engaging predominantly in B2B transactions, Ciena supplies its high-speed connectivity solutions to telecommunications service providers and enterprise clients. Transactions typically involve hardware and software purchases, often accompanied by service agreements for support and optimization, with pricing based on contractual agreements that outline specific deliverables and service levels. Ciena aims to leverage its recent funding from the IPO in February 1997 to enhance product development and expand its market reach. The funds will support the launch of new products designed to meet the increasing demand for AI-driven connectivity solutions. Additionally, the company is targeting expansion into emerging markets within Asia-Pacific and Europe by 2025, capitalizing on its innovative products like the WaveLogic 6 Extreme coherent solution and automation software, ensuring sustained growth in a competitive landscape.

## Funding rounds

- Series C, Dec 1, 1995 — STAR Ventures
- Series B, Dec 1, 1994 — InterWest Partners, Sevin Rosen Funds, STAR Ventures, Vanguard Ventures, JAFCO Group, Bessemer Venture Partners

## Investors

- InterWest Partners (https://capitalatlas.ai/funds/interwest-partners) — Series B
- Sevin Rosen Funds (https://capitalatlas.ai/funds/sevin-rosen-funds) — Series B
- STAR Ventures — Series B, Series C
- Vanguard Ventures (https://capitalatlas.ai/funds/vanguard-ventures) — Series B
- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B