SACRAMENTO, Calif. -- KeyEye Communications Inc., a developer of transceivers for 10-Gbit/s copper-media communications, has closed its Series B financing at $15 million, the company said Wednesday (May 26).
The money would be used to continue R&D and add to the engineering, marketing and operations personnel to bring products to market, the company said, adding that it expects to have samples of its first product available by the end of 2004.
The latest round of finance brings the money raised to date to more than $21 million.
Menlo Ventures to lead the investment round and as part of the financing, Hal Calhoun, managing director at Menlo Ventures, is set to take a seat on the company's board of directors.
KeyEye recently announced that it had made a working multi-channel, multi-level, full-duplex 10-Gbit/s "solution" based on the company's so-called EchoWave technology.