Tibit Communications, based in Petaluma, CA and led by President and CEO Richard Stanfield, builds pluggable OLTs (MicroPlug™) and a small, low‑power 10G bridge ASIC for PON service providers. The MicroPlug’s SFP+ form factor enables OLT functionality to be hosted on commercial Ethernet switch platforms, expanding carrier architecture options. Tibit’s bridge ASIC supports a rich feature set across both ITU‑T and IEEE 10G PON standards. The company is investing in a 25G ASIC program to advance beyond its 10G product line and address higher‑speed enterprise, multi‑gig residential and 5G wireless use cases. Tibit is a founding member and contributor to the 25GS‑PON MSA, which aims to standardize 25 gigabit PON and includes nearly 50 participants worldwide. Financially, Tibit completed a $30M Series C to support its product roadmap and to scale manufacturing capabilities. Tibit Communications designs the MicroPlug OLT, a next-generation access device that implements PON Layer 1 and 2 functionality inside the form factor of a transceiver optics case. The MicroPlug plugs into standards-based, commercially available switches, replacing large proprietary chassis with multiple internal switching layers. This architecture enables carriers a more flexible and cost-effective fiber access deployment. By eliminating unnecessary management layers within the OLT itself, Tibit enables PON management to be virtualized and moved into a carrier’s cloud architecture. The company is led by President and CEO Richard Stanfield and is based in Petaluma, CA. Tibit recently closed a $25M Series B and intends to use the funds to continue expanding operations and its business reach. Tibit Communications develops small, low‑power and low‑cost pluggable devices that virtualize the access network by allowing high‑performance Ethernet switching systems to replace traditional access equipment. Its initial products, the Tibit MicroPlug OLT and ONT, provide FTTx PON fiber access from Ethernet switches, routers, or almost any device with an Ethernet port. Tibit pairs the MicroPlug hardware with a software solution to connect with Software Defined Networking (SDN) orchestrators. The company positions its products to lower costs and simplify network architecture for operators. Tibit is led by co‑founder and CEO Richard Stanfield and is based in Petaluma, CA. Financially, the company raised $13.8M in a Series A funding round.

Total raised

$69M

Funding rounds

3

Latest round

Series C

Latest activity

Jun 2022