# Ribbon Communications Operating Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ribbon-communications-operating-company

- Industry: Telecoms
- Headquarters: Plano, US
- Website: www.ribboncommunications.com
- Total disclosed funding: $23M
- Latest round: Series C (Dec 15, 1999)
- Investors on record: 10

## About

Ribbon Communications, based in the US, provides advanced IP optical networking and communications solutions tailored for service providers and enterprises, enhancing network capabilities and modernizing communication infrastructures.Ribbon Communications Operating Company, Inc. specializes in advanced communication solutions. Founded in 1997 in Plano, Texas, the company underwent significant business developments, including a merger that positioned it as a key provider in the telecommunications market. Bruce McClelland serves as the CEO. The company was publicly listed following its IPO in May 2000, raising USD 115.00 mn, which marked a pivotal funding round in its history. Since then, Ribbon has successfully raised a total of USD 115.00 mn through its various funding rounds.Ribbon Communications specializes in advanced IP optical networking and communications solutions tailored for diverse service providers and enterprises. Their core offerings include high-density optical networking systems, such as the Apollo 9408, designed for high-capacity data traffic transport, supporting 100GbE and 400GbE, with future capabilities up to 800GbE. The company’s solutions facilitate network modernization and secure communications for businesses, particularly those using Microsoft Teams through session border controllers (SBCs). Their clientele includes mobile network operators, rural and regional service providers, and various sectors like healthcare and education in North America, Europe, and Asia.In fiscal year 2022, Ribbon Communications reported revenue of USD 819.76 mn, reflecting their strong position in the telecommunications infrastructure market. The company operates primarily on a B2B model, offering subscription-based services and establishing partnerships with major telecommunications firms and enterprises. Their flagship Apollo optical networking solutions are typically sold under contract for ongoing service provision and support, ensuring comprehensive network solutions that meet client needs for scalability and performance.Ribbon Communications plans to utilize the proceeds from its recent IPO to advance its goal of becoming the leading provider of carrier-class packet telephony solutions. The company is actively designing new products, focusing on enhanced optical networking capabilities, which are expected to be launched in the near term. Additionally, Ribbon aims to expand its operations into markets across Asia and Europe by 2025, targeting new service providers and enterprise clients. The investment will be fundamental in supporting these growth initiatives and enhancing its product offerings.

## Funding rounds

- Series C, Dec 15, 1999, $23M — CRV, Matrix Partners, Bedrock Capital Partners, North Bridge Venture Partners, Sojitz Tech-Innovation, Bessemer Venture Partners, Global Crossing, Samsung C&T Corporation, Mitsubishi Corporation, Williams Communications, Inc.

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Series C
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series C
- Bedrock Capital Partners (https://capitalatlas.ai/funds/bedrock-capital-partners) — Series C
- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series C
- Sojitz Tech-Innovation — Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series C
- Global Crossing — Series C
- Samsung C&T Corporation — Series C
- Mitsubishi Corporation — Series C
- Williams Communications, Inc. — Series C