Wednesday, May 14, 2008

CoreOptics Raises $25M

CoreOptics, a designer of 10/40/100 Gbps optical networking products, said today that it has closed on $25M in a new funding round from its existing investors. The firm, which has offices in San Jose, in addition to locations in Nuremberg, Germany and Manchester, NH, said the funding brings the company's total raised to more than $90M. The firm's investors include T-Com Venture Fund, GIMV, Crescendo Ventures, TVM Capital, High Tech Private Equity, Atila Ventures, Quest for Growth and others. CoreOptics transponders are used by telecommunications carriers for high speed, optical networking. More information »