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Hatteras Networks

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Equipment that help carriers and service providers deliver high bandwidth business services to relevant locations

Durham, United StatesFounded 2000Transportation
Valuation $100–250M Last recorded · 2006
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Hatteras Networks

Hatteras Networks, established in 2000 by co-founder Ken Gramley, emerged as a specialized provider of high-bandwidth Ethernet equipment for carriers and service providers. The company's genesis is rooted in the networking expertise from the Research Triangle Park, North Carolina area. Hatteras Networks successfully secured significant financial backing, raising a total of $90.7 million over nine funding rounds from institutional investors, including Bessemer Venture Partners and Columbia Capital.

The company's core business centered on delivering Ethernet services over existing copper and TDM (Time-Division Multiplexing) infrastructure, a critical solution for areas where fiber was not yet ubiquitous. Its product portfolio was specifically designed for the Carrier Ethernet, Metro Ethernet, DSLAM, and mobile wireless backhaul markets. Hatteras Networks carved out a significant niche with its Ethernet over Copper (EoC) technology, enabling service providers to offer high-speed data services, from 1Mbps to 10Gbps, without the immediate need for extensive fiber optic build-outs. This addressed a key market gap, providing a cost-effective pathway for carriers to upgrade their service offerings and generate new revenue from demanding applications like cloud computing and mobile communications.

In a strategic move to broaden its market capabilities, Hatteras Networks merged with Overture Networks in March 2011. The merger was a complementary union, combining Hatteras's strength in EoC with Overture's expertise in Ethernet over TDM and optical networks. The combined entity, which continued under the Overture Networks name, became a more formidable player in the Carrier Ethernet edge and aggregation space, serving over 450 service providers and enterprise customers globally. Following the merger, the company continued to innovate until Overture Networks was itself acquired by ADVA Optical Networking in January 2016.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2000
Headquarters
Durham, United States
Employees
16
Open positions
None listed
Dealroom signal
55.0/100
Industry
Hosting, Transportation
Sector
Transportation
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Mar 2011 $0 — Overture Networks —
LATE VCOther financing Jun 2006 $21M $84M Globespan Capital Partners · Grotech Ventures · Columbia Capital · ComVentures —
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Growth signals

Hatteras Networks website traffic

Latest recorded traffic for Hatteras Networks is 170 monthly website visits. Hatteras Networks's team grew 0% over the past year.

Latest monthly visits170 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later6 investors entered at this stage

Other known investors1 additional known investor

  • Overture Networks
Team profiled 27 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇨🇱 Chile100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Hatteras Networks on X, ranked by likes and reposts, corporate channels excluded.

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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