Stoke, the latest company with five letters, including S, K and E
It is Stoke, which has a Skype-like ring to its name. It is a Mountain View telecom start-up, has raised $19.8 million in Series B funding, according to a regulatory filing first reported today by PE Week. Besides Sequoia, Silicon Valley's other powerhouse investor, Kleiner Perkins Caufield & Byers, has invested. Others include Pilot House Ventures and Integral Capital Partners. So even if Sequoia did remove it from its Web site, this reference on Kleiner's site, within partner Matt Murphy's bio, would still be there.
Stoke's web site says it "is a telecommunications company focused on designing and manufacturing a new category of service delivery infrastructure that enables fixed-mobile convergence supporting any service over any infrastructure using any end-user device. The Stoke portfolio includes platforms, systems, software and services. "
Stoke boasts that it has development leaders from Cisco Systems, Juniper Networks, Alcatel, Nokia, Redback Networks, Nortel Networks, Procket Networks and Sun Microsystems. And it's hiring.
At the time of our writing, we found the company referenced within Gaurav Garg's bio on Sequoia's Web site. Let's watch how long it stays there.
Update: Kleiner's Matt Murphy got back to us, as did Keith Higgins, Stoke's VP of Marketing. They both said they want to keep the lid on this, so were mum on details. They've already got a sizeable team, though, with more than ten people. Higgins hails from StrataCom, Cisco and Copper Mountain. He wouldn't saying anything about the rest of the team.
Update II, 9/14: VentureWire (sub required) has more today: Company was founded 18 months ago, and has about 50 employees. Chief Executive Randall Kruep is the former CEO of Silicon Valley router company Procket Networks. Integral Capital Partners apparently led the round, which is its second. Presidio Financial Partners also invested. Existing investors, since May 2004, were Sequoia and Kleiner.
Kruep is no stranger to Silicon Valley. He helped Procket, a once high-flying telecommunications start-up, raise well over $200 million before stepping down after about two years at the helm in 2003. Procket, which made high-end routers for controlling Internet traffic, was bought by Cisco Systems Inc. a year later for $89 million after failing to win a carrier account.
Before becoming CEO of Procket, he was a senior sales executive at Redback Networks from 1997 until 2001. As senior vice president of sales, he had much success helping Redback win deals with major telecom carriers in North America.
Update 9/15: Here is Om's effort at digging up more.
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