Redback Networks
AcquiredBroadband subscriber management for ISPs.
San Jose, United States · Founded 1996 · $500.0M raised
- Headquarters
- San Jose, California
- Employees
- 501–1000
- Founded
- 1996
- Business Model
- B2B
- Website
- redbacknetworks.com
- Total Funding
- $500.0M
- Last Round
- $500.0M Convertible NoteMar 2000
- Rounds
- 3
- Acquired by
- EricssonDec 2006 · $2.1B
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Redback Networks was a San Jose, California-based telecommunications equipment company founded in 1996 by Gaurav Garg, Asher Waldfogel, and William Salkewicz with seed funding from Sequoia Capital. The company developed hardware and software solutions for Internet service providers to manage broadband subscriber services, with its flagship products including the SMS (Subscriber Management System), SmartEdge, and SmartMetro product lines. Redback served 15 of the top 20 DSL carriers worldwide. The company went public on NASDAQ in May 1999 and in January 2007 was acquired by Ericsson for $1.9 billion.
Summary
Redback Networks is a Telecommunications company based in San Jose, United States, founded in 1996. It has raised $500.0M in total across 3 rounds, most recently a $500.0M Convertible Note round in Mar 2000. Investors include Kleiner Perkins, Mayfield Fund and TCV.
Tech & App Stack
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Funding & Exit History
Dec 2006
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Funding: Venture Round through Convertible Note. Amounts, valuations, and investors where available.
Investors
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