Gainspeed, the startup launched in 2012 by Terayon Communication Systems co-founder Shlomo Rakib, revealed in an SEC document last week that it raised $10 million in a “B” round.
Gainspeed confirmed that Juniper Strategic Investments, the venture capital arm of optics and telecom vendor Juniper Networks, led the $10 million round. Multichannel Newsreported last fall that the Juniper V.C. was one of Gainspeed’s new investors, but, at the time, both companies declined to reveal the amount.
With the new round factored in, Gainspeed has raised at least $32.8 million. Gainspeed, formerly known as Cohere Networks, landed a $22.8 million round in the fall of 2012 that included participation from Andreessen Horowitz, Shasta Ventures, and New Enterprise Associates.
Gainspeed has not announced any products, but people familiar with the Sunnyvale, Calif.-based company say it is working on a distributed, more virtualized cable access architecture that will enable operators to boost network efficiency and deliver faster speeds. Gainspeed showed a prototype of its latest handiwork at last October’s SCTE Cable-Tec Expo in Atlanta.
Gainspeed’s approach is coming into view as cable operators continue to test and deploy the Converged Cable Access Architecture (CCAP), a high-density platform that endeavors to combines the functions of the edge QAM and the cable modem termination system (CMTS), and start to prepare for DOCSIS 3.1, a new CableLabs spec that will put cable on a path toward an all-IP infrastructure and target capacities of up to 10 Gbps downstream and 2 Gbps upstream.
As for Juniper’s interest in the startup, the company said last fall that the startup’s technology will fit well with a strategy to help cable operators centralize the control of their networks while also distributing processing through the use of software-defined networking (SDN) and network functions virtualization (NFV).
