**Tibit Communications, Inc.** was a notable acquisition by **Ciena** in 2022. The company, founded in **2014** and based in the **United States**, focuses on **Information Technology**. Tibit Communications offers a groundbreaking technology set to revolutionize broadband access deployment in global Service Provider markets. Their small, low-powered solutions enable multi-gigabit connectivity with existing commercial switching equipment. The latest funding round, a **$30.00M Series C investment** on **23 June 2022**, saw participation from prominent investors including **Swisscom Ventures**, **Intel Capital**, **Juniper Networks**, **Solasta Ventures**, **Ciena**, and **Liberty Global**. This strategic investment aligns with the company's vision to disrupt the broadband connectivity landscape and indicates confidence from major industry players in Tibit's technology.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series C | $30.00M | 6 |
|
23 Jun 2022 |
| Series B | $25.00M | 3 |
|
01 Apr 2019 |
| Venture Round | $2.30M | - | 23 Mar 2018 | |
| Series A | $13.80M | - | 31 Jan 2017 | |
| Venture Round | $13.84M | - | 14 Oct 2016 |
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