# Tibit Communications

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tibit-communications

- Industry: Hardware
- Headquarters: Petaluma, US
- Website: www.tibitcom.com
- Total disclosed funding: $55M
- Latest round: Series C (Jan 31, 2022)
- Investors on record: 7

## About

Tibit Communications, Inc. develops advanced networking solutions that enhance data transmission and network management, serving communication service providers and enterprises globally with scalable optical networking technologies.Founded in 2014 and headquartered in Petaluma, US, Tibit Communications, Inc. specializes in high-speed optical networking solutions. The company was recently acquired by Ciena Corporation in November 2022 as part of a strategic initiative to expand its product offerings. Richard Stanfield serves as CEO, bringing extensive experience in technology startups and product development.Tibit Communications, Inc. provides a range of advanced networking products including the Tibit MicroPlug OLT and MicroPlug ONU/ONT, which support scalable passive optical networking (PON) functions. Their solutions are designed for service providers and enterprises, enabling efficient bandwidth management and network automation. The company focuses on enhancing operational efficiency for communication service providers (CSPs) across North America, Europe, and Asia-Pacific.Tibit Communications, Inc. generates revenue through direct sales of its hardware and software solutions, alongside service agreements that include installation and support. Their transactional model allows clients, particularly CSPs, to adopt a pay-as-you-grow subscription framework, facilitating network upgrades without high upfront costs. This approach has led to a diverse customer base, enhancing retention and service delivery.With recent funding from the Series C round totaling USD 30.00 mn, Tibit Communications plans to leverage these resources for the development of new products aimed at expanding their optical networking capabilities. The company is focused on entering new markets, particularly targeting regions in Europe and Asia-Pacific by 2025. The strategic acquisition by Ciena Corporation is expected to bolster these growth plans, enhancing their product suite and market reach.

## Funding rounds

- Series C, Jan 31, 2022, $30M — Intel Capital, Liberty Global Plc, Juniper Ventures, Ciena Corporation, Swisscom Ventures, Solasta Ventures
- Series B, Apr 1, 2019, $25M — Intel Capital, AJU IB Investment, Swisscom Ventures

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B, Series C
- AJU IB Investment (https://capitalatlas.ai/funds/aju-ib-investment) — Series B
- Swisscom Ventures (https://capitalatlas.ai/funds/swisscom-ventures) — Series B, Series C
- Liberty Global Plc — Series C
- Juniper Ventures — Series C
- Ciena Corporation — Series C
- Solasta Ventures (https://capitalatlas.ai/funds/solasta-ventures) — Series C