About Infinera
Infinera provides open optical networking solutions and advanced optical semiconductors for enterprise, government, and carrier networks.
Headquarters
Infinera, San Jose
Founded
2000-01-01
Industry
Information Technology, Internet, Optical Communication, Service Industry, Telecommunications
Last Funding Type
Grant
Valuation
1
Total Funding
$625.80 million dollars
IPO Status
Public
Financial
Infinera was acquired by Nokia in a $2.3 billion deal. The company reported hyperscale growth amid telecom stagnation and announced a new line of high-performance 1.6 Tb/s optics aimed at reducing power per bit by up to 75% for AI-driven intra-data center connectivity applications. Infinera also announced preliminary unaudited financial results for the fourth quarter of 2023 and increased investments to grow its R&D presence in India.
Nokia has agreed to acquire Infinera in a $2.3 billion deal. The acquisition aims to enhance Nokia's optical networking capabilities, particularly in AI data centers and cloud operations. The merger is expected to provide significant R&D resources and a comprehensive product portfolio for optical networks. The deal is seen as a strategic move to compete with other major players in the market.
Nokia has agreed to acquire Infinera in a $2.3 billion deal. The acquisition aims to enhance Nokia's optical networking capabilities, particularly in AI data centers and cloud operations. The merger is expected to provide significant R&D resources and a comprehensive product portfolio for optical networks. The deal is seen as a strategic move to compete with other major players in the market.
Funding Rounds
9
Number of Lead Investors
2
Total Funding Amount
$625.80 million dollars
Number of Investors
16