Product category: Optical Filters, Lenses, Gratings etc
News Release from: Lightconnect
Edited by the Electronicstalk Editorial Team on 26 September 2002
Optical MEMS device
maker raises $9 million
Lightconnect has raised $9 million in its third round of financing
Lightconnect has raised $9 million in its third round offinancing, led by Sevin Rosen Funds. Other participatinginvestors include Incubic, Morgenthaler, US Trust, US VenturePartners and Optical Capital Group. This latest round of fundingwill be used to expand Lightconnect's product portfolio,leveraging its MEMS technology expertise.
This article was originally published on Electronicstalk on 26 September 2002 at 8.00am (UK)
Related stories
Dynamic gain equaliser heads for China
Lightconnect has signed a strategic agreement with ZTE Corp, China's largest listed telecommunications equipment manufacturer
It will also fueldomestic and international expansion through increased sales andmarketing efforts.
The company's products includemarket-leading variable optical attenuators, dynamic gainequalisers and dynamic channel equalisers.
'Dynamiccomponents will serve as the building blocks for the trulyintelligent optical network of tomorrow, and Lightconnect islaying the foundation', said Steve Domenik, Partner, SevinRosen Funds.
'We are confident that Lightconnect'sinnovative technology, combined with the company's strongmanagement team, will succeed in this tough market'.'During the past year, we have brought on more than 50customers and have achieved continuous quarter-to-quarterincreases in revenue', said Peter O Clark, LightconnectPresident and CEO.
'This current round of funding validatesthe quality of our products and our business model'.
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