Ottawa-based semiconductor vendor Galazar Networks has closed its Series C venture capital round of US$6.6 million.

The round was led by BDC Venture Capital and includes a new investor, Mitsui and Company. Skypoint Capital, Vengrowth, Katsura Investments, Desjardins Venture Capital, RBC Capital Partners and Goldman Sachs----all previous investors in the company---also committed additional funds.

The round brings Galazar's total investment to US$28.5 million.

"This financing validates Galazar's execution in delivering Ethernet transport solutions for wireline, wireless and triple play network transitions to Ethernet based architectures," says CEO Richard Deboer. "This funding will support the expansion of our product line for next generation carrier Ethernet services".

"The current broadband rollout of an all IP network for wireless, business and residential video and data requires high capacity Ethernet services on carrier grade transport silicon with easy-to-use software solutions," says Karl Reckziegel, director of BDC Venture Capital. "Galazar has built a strong product portfolio with a broad base of top tier global customers whose networking solutions are being deployed globally to serve the transition to an Ethernet transport based network."