About Qtera
Qtera is a Telecommunications company based in Boca Raton (United States) founded in 1998, and was acquired by Nortel Networks in December 1999. Optical transport systems are supplied to IP-based and long-distance carriers. It operates in the Telecommunications and Technology sectors. Qtera has raised $43 million across 2 funding rounds from investors including Nortel Networks, Mayfield and Battery Ventures. Its focus areas include Telecom, Telecom Infrastructure Tech, Core Network and Equipment. Its competitors include Calix and Mavenir; 2 of its 2 listed competitors have raised funding.
Company details
Qtera is an optical transport systems provider. It caters to both new IP-based carriers and long distance carriers. It has a proprietary transmission and receiving technology that prevents dispersion of the light beam over distance. It was expected to produce commercial products in the second half of 2000. After raising two rounds of equity funding totalling 43mn in 1999, it was acquired by Nortel Networks for 3.25bn in January 2000. On January 14, 2009, it filed a restructuring under bankruptcy act. It is in joint administration with Nortel Networks.
- Headquarters Boca Raton, United States
- Stage Acquired
- SectorsTelecommunicationsTechnology
- Website qtera.com
- Acquired by Nortel Networks (Dec 1999)
- Total Equity Funding$43M (USD)
in 2 rounds
- Latest Funding Round$32M (USD), Series B
Apr 1999
- InvestorsNortel Networks
& 4 more
- Acquired byNortel Networks
(Dec 1999)
Funding Insights of Qtera
Qtera has successfully raised a total of $43M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $32 million completed in April 1999. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $43M
- Total Rounds 2
- Last Round Series B — $32M
- First Round $11M
(Aug 1998)
- Investors Count 4
All 2 funding rounds of Qtera with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 1999 | $32M | Series B | – | – | |
| Aug 1998 | $11M | Series A | – | – |
5 investors in total: 5 institutional.
Investors in Qtera
Qtera has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Nortel Networks, Mayfield and Battery Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Mayfield is focused on AI innovation and venture capital investments. | mayfield.com | Menlo Park, United States | ||
Investments in technology companies are conducted globally by Battery Ventures. | battery.com | |||
Venture capital firm | vpcp.com | Santa Barbara, United States | ||
Venture capital investments are made in disruptive growth companies. | oakvc.com | Greenwich, United States | ||
Business strategy, technology, networking, and consulting services are provided. | 1914 | nortelnetworks.com | Brampton, Canada |
Investor details for Qtera
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Qtera
4 dated milestones of Qtera across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Qtera is founded.
- Funding First funding round of $11.0M.
- Funding Latest funding round, Series B, of $32.0M.
- Exit Acquired by Nortel Networks.
Competitors of Qtera
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| calix.com | 1999 | Petaluma, United States | $107.5M | 1,054 | Communication equipment and software solutions are provided for broadband access. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. |
Detailed competitors of Qtera
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Qtera
Qtera was founded in 1998.
Qtera is headquartered in Boca Raton, United States. It is registered at Boca Raton, Florida, United States.
Qtera is a funded company, having raised a total of $43M across 2 funding rounds to date. The company's 1st funding round was a Series A of $11M, raised on Aug 1998.
Qtera is an optical transport systems provider. It caters to both new IP-based carriers and long distance carriers. It has a proprietary transmission and receiving technology that prevents dispersion of the light beam over distance. It was expected to produce commercial products in the second half of 2000. After raising two rounds of equity funding totalling 43mn in 1999, it was acquired by Nortel Networks for 3.25bn in January 2000. On January 14, 2009, it filed a restructuring under bankruptcy act. It is in joint administration with Nortel Networks.
Qtera has 5 investors. Key investors include Nortel Networks, Mayfield, Battery Ventures, VantagePoint Capital Partners, and Oak Investment Partners.
Yes. Qtera was acquired by Nortel Networks in December 1999.