Laurel Networks
Encyclopedia
Laurel Networks was founded in 1999, and specialized in routers for telecommunications carriers.
Funding was provided in four rounds the first two of which were:
Round 1: $12.3m, led by New Enterprise Associates (NEA) and Rein Capital
Round 2: $60.0m, led by NEA, Trinity Ventures, Worldview Technology Partners and WorldCom Venture Fund
In 2005, after ultimately consuming $120m in venture capital
funding, they were purchased by ECI Telecom
for $88m, and formally renamed as the Data Networking Division within ECI.
Their primary product is the ST Series of service edge routers. ECI considers the router's ability to do complicated traffic shaping, monitoring and QoS at line rate to be its primary competitive advantage.
They are located in Robinson Township
in the Pittsburgh
region. They began the startup initially in Sewickley, PA.
On November 8, 2011, it was announced that the Pittsburgh office would be closed and that all employees would be laid off by September 30, 2012.
ECI Telecom, Data Networking Division web site
Funding was provided in four rounds the first two of which were:
Round 1: $12.3m, led by New Enterprise Associates (NEA) and Rein Capital
Round 2: $60.0m, led by NEA, Trinity Ventures, Worldview Technology Partners and WorldCom Venture Fund
In 2005, after ultimately consuming $120m in venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
funding, they were purchased by ECI Telecom
ECI Telecom
ECI Telecom Ltd is a global telecom networking infrastructure provider headquartered in Petah Tikva, Israel. It provides communications platforms and solutions to carriers and service providers, cable/multiple system operators, wireless/cellular service providers, utilities and carrier of carriers,...
for $88m, and formally renamed as the Data Networking Division within ECI.
Their primary product is the ST Series of service edge routers. ECI considers the router's ability to do complicated traffic shaping, monitoring and QoS at line rate to be its primary competitive advantage.
They are located in Robinson Township
Robinson Township, Pennsylvania
Robinson Township is a township in Allegheny County, Pennsylvania, United States approximately west of Pittsburgh. The population was 13,354 at the 2010 census.-Geography:Robinson Township is located at ....
in the Pittsburgh
Pittsburgh, Pennsylvania
Pittsburgh is the second-largest city in the US Commonwealth of Pennsylvania and the county seat of Allegheny County. Regionally, it anchors the largest urban area of Appalachia and the Ohio River Valley, and nationally, it is the 22nd-largest urban area in the United States...
region. They began the startup initially in Sewickley, PA.
On November 8, 2011, it was announced that the Pittsburgh office would be closed and that all employees would be laid off by September 30, 2012.
ECI Telecom, Data Networking Division web site