Astral Point Communications
Transmission network elements aimed at metropolitan optical access to the internet.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
€135m Valuation: €135m | Acquisition | ||
| Total Funding | 000k | ||
Founded in 1998, Astral Point Communications established itself as a developer of optic-based telecommunications networks. The company focused on creating integrated optical transport solutions specifically for metro SONET-based applications. This technology catered to clients needing to support both legacy revenue services and emerging high-bandwidth applications, such as Gigabit Ethernet (GBE).
The company's business model centered on the manufacturing and sale of next-generation SONET (Synchronous Optical Networking) metro optical systems. Its product lineup included transmission network elements designed to provide metropolitan optical access to the internet. Astral Point successfully navigated multiple funding rounds, including a Seed Round in November 1998, a Series A in May 1999, a Series B in October 1999, and a Series C in July 2000, raising a total of $112 million from various investors. Key investors included Bowman Capital Management, E-TEK Dynamics, and GE Capital.
A significant milestone in the company's history occurred in early 2002 when French telecommunications equipment giant Alcatel announced its intention to acquire the privately-held company. The acquisition was finalized on April 3, 2002, for a value of approximately $153 million (€153 million). Alcatel's stated goal was to integrate Astral Point's flexible SONET technologies with its own cross-connect and DWDM metro solutions, aiming to provide North American customers with a cost-effective path to next-generation metropolitan services. Following the acquisition, Astral Point was absorbed into Alcatel's US optics division, and its products were rebranded; for instance, the ON 5000 became the Alcatel 1675 Edge Gateway and the ON 7000 was renamed the Alcatel 1677 SONET Link.
Keywords: Astral Point Communications, metro optical systems, SONET, optical transport solutions, telecommunications networks, Alcatel acquisition, connectivity products, optic-based telecommunications, next-generation SONET, Gigabit Ethernet, GBE, optical networking, telecom equipment, metro SONET applications, Alcatel 1675 Edge Gateway, Alcatel 1677 SONET Link, venture capital, high-bandwidth applications, fiber optics, network infrastructure