TiBit Communications

Petaluma, United States Founded: 2014 • Age: 12 yrs Acquired By Ciena
Modules to virtualize access network using optical switches
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About TiBit Communications

TiBit Communications is a company based in Petaluma (United States) founded in 2014 was acquired by Ciena in November 2022.. TiBit Communications has raised $82.69 million across 4 funding rounds from investors including Swisscom, Ciena and Liberty Global. TiBit Communications offers products and services including WaveLogic 6 Extreme, Tibit MicroPlug OLT, and Tibit MicroPlug ONU/ONT. TiBit Communications operates in a competitive market with competitors including VMware, NEC, Ericsson, Mavenir and CommScope, among others.

  • Headquarter Petaluma, United States
  • Sectors
    Technology
    Telecommunications
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Tibit Communications, Inc.
Operational Areas
Technology → Cloud, Data & Analytics Infrastructure
Telecommunications → Telecommunications Infrastructure & Services
Technology → Cloud, Data & Analytics Infrastructure
Technology → Quantum & Emerging Technologies
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $82.69 M (USD)

    in 4 rounds

  • Latest Funding Round
    $30 M (USD), Series C

    Jun 23, 2022

  • Investors
    Swisscom

    & 7 more

  • Employee Count
    Employee Count
  • Acquired by
    Ciena

    (Nov 22, 2022)

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Products & Services of TiBit Communications

TiBit Communications offers a comprehensive portfolio of products and services, including WaveLogic 6 Extreme, Tibit MicroPlug OLT, and Tibit MicroPlug ONU/ONT. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Delivers high-bandwidth connectivity for advanced routing and data paths

Enables flexible PON deployment for enterprise and carrier networks

Supports high-speed Ethernet-to-PON conversions for network integration

People of TiBit Communications
Headcount 10-50
Employee Profiles 15
Board Members and Advisors 3
Employee Profiles
People
Tan Ho
Sr. Field Applications Engineer
People
Richard Stanfield
President & CEO
People
Dave Flanagan
VP, Senior Managing Director
People
Jay Teborek
VP Sales & Marketing

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Board Members and Advisors
people
Patrick Pfeffer
Board Member
people
Micha Berger
Board Member
people
Jordan Sheff
Board Member

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Funding Insights of TiBit Communications

TiBit Communications has successfully raised a total of $82.69M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in June 2022. 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
  • Total Rounds 4
  • Last Round Series C — $30.0M
  • First Round

    (27 Sep 2016)

  • Investors Count 8
Date Amount Transaction Name Valuation Lead Investors Investors
Jun, 2022 Amount Series C - TiBit Communications Valuation

investors

Aug, 2019 Amount Series B - TiBit Communications Valuation Intel Capital
Oct, 2016 Amount Series A - TiBit Communications Valuation Liberty Global
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in TiBit Communications

TiBit Communications has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Swisscom, Ciena and Liberty Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Investment in technology startups focusing on compute, AI, and related innovations.
Founded Year Domain Location
Venture capital firm focused on healthcare startups
Founded Year Domain Location
Investments are made by Swisscom Ventures, backed by Swisscom AG.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by TiBit Communications

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - TiBit Communications

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Tibit Communications Comparisons

Employees
+
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Competitors of TiBit Communications

TiBit Communications operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VMware, NEC, Ericsson, Mavenir and CommScope, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Cloud orchestration solutions are provided for multi-cloud and device applications.
domain founded_year HQ Location
Cloud-based IT and networking solutions are provided globally.
domain founded_year HQ Location
Telecom equipment and software solutions are provided for networks.
domain founded_year HQ Location
Multi-access edge networking computing platform is provided for mobile services.
domain founded_year HQ Location
Fiber-optic and wireless infrastructure products provider
domain founded_year HQ Location
Network Functions Virtualization platform provider
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Tibit Communications

Frequently Asked Questions about TiBit Communications

When was TiBit Communications founded?

TiBit Communications was founded in 2014 and raised its 1st funding round 2 years after it was founded.

Where is TiBit Communications located?

TiBit Communications is headquartered in Petaluma, United States. It is registered at Petaluma, California, United States.

Is TiBit Communications a funded company?

TiBit Communications is a funded company, having raised a total of $82.69M across 4 funding rounds to date. The company's 1st funding round was a Series A of $13.84M, raised on Sep 27, 2016.

What does TiBit Communications do?

Founded in 2014 in Petaluma, United States, TiBit Communications operates in the telecommunications sector. OLT and ONT modules are supplied to virtualize FTTx PON access networks through optical switches. These solutions enable ethernet switches to substitute traditional access equipment and include software that integrates with SDN orchestrators. Customers encompass telecom operators, service providers, MSOs, and enterprises.

Who are the top competitors of TiBit Communications?

TiBit Communications's top competitors include VMware, Mavenir and Ericsson.

What products or services does TiBit Communications offer?

TiBit Communications offers WaveLogic 6 Extreme, Tibit MicroPlug OLT, and Tibit MicroPlug ONU/ONT.

Who are TiBit Communications's investors?

TiBit Communications has 8 investors. Key investors include Swisscom, Ciena, Liberty Global, Juniper Networks, and Aju IB Investment.

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