Soma Networks – Profle
HQ: San Francisco, CA
Management: Yatish Pathak is Founder, President, and CEO. He hails from Lucent.
Investors: In June 2005, Soma raised a $50M round led by Temasek and Morgan Stanley Venture Partners, including participation from NeoCarta Ventures, and Endeavour Investments. To date, SOMA has raised $175M in funding.
Business Model: Soma sells equipment to telcos to improve last mail efficiencies in delivering broadband Internet access, coupled with voice. It has a box that sits in homes as well as a base station
Competitors: Navini Networks, IP Wireless, UTStarcom.
Dirt: $120M doesn’t get you what it used to. Soma’s technology might kick-ass but it has been in business for 7 years and Soma has the gall to issue a press release boasting that it has rolled out in Great Falls, Montana. What gives? Everyone knows there is going to be a big business here and VCs have moved money in with bulldozers, but someone has to start closing some deals soon.