Irvine telecommunications gear startup Aktino Inc. said Monday it raised $14 million in a third round of venture funding.
The most recent round brings its total raised to $41 million.
Investors include Corona del Mar-based Miramar Venture Partners, Costa Mesa’s Innocal Venture Capital, Crosspoint Venture Partners, which has an Irvine office, and Silver Creek Ventures of Dallas.
Past investors also included Irvine’s Huntington Ventures and others.
Aktino sells equipment that increases the speed of older copper wire networks.
It sells the gear to telephone companies, which can save money by getting the most out of the copper they already own without installing new fiber-optic cables.
Aktino has some 30 workers locally.
A few months ago it hired Chief Executive Lonnie Martin, a telecom veteran with more than 35 years in the industry.
He moved to Orange County from Texas to be Aktino’s top guy.
The privately held company doesn’t disclose sales. The Business Journal estimates it does around $8 million a year.
Some alums of PairGain Technologies Inc. formed the company in 2003.
One of its founders is Ray Nagele, a former product manager at Tustin-based PairGain, now part of Minneapolis-based ADC Telecommunications Inc.
Irvine-based Broadcom Corp. cofounder Henry Samueli helped start PairGain before moving on to form Broadcom with Henry Nicholas, who also worked at PairGain.
