Entrisphere – Profile
HQ: Santa Clara, CA
Management: CEO Mark Floyd previously founded Efficient Networks which was acquired by Siemens for a full $1.5B. CTO Phil Winterbottom previously was responsible for Lucent Inferno.
Investors: In May 2005, Entrisphere raised $75M led by VantagePoint Venture Partners, Accel Partners, Benchmark Capital, CDP Capital, Crosspoint Venture Partners, Duff Ackerman & Goodrich, El Dorado Ventures, Ontario Teachers’ Pension Plan Board, and STAR Ventures. The company has raised more than $171M to date.
Business Model: Entrisphere sells a multiservice broadband access loop carrier platform which delivers voice, video, and data services down last-mile pipes.
Competitors: Alcatel, Nortel, Lucent, Calix Networks.
Dirt: This is very high stakes poker. Entrisphere targets the very largest telecoms and cable companies so if it doesn’t succeed with them, there’s no plan B. Its newish CEO is a superstar and clearly sees promise. The company’s war chest will help it to get meetings for sure. It’s been a long time since we’ve had big telecom equipment plays pay off. Could this be it?