Xanoptix closes $40 million second round
January 28, 2002--Xanoptix, a developer of high-speed optical connection products for data links and optical communication applications, today announced that it has closed its second round of funding, totaling $40 million in new equity financing.
Xanoptix, a developer of high-speed optical connection products for data links and optical communication applications, today announced that it has closed its second round of funding, totaling $40 million in new equity financing. MMC Capital led the round, with additional key investors William Blair Capital Partners, EuclidSR Partners, Envest Entrepreneurial Investments, Optical Partners LLC, and Corning Innovation Ventures. The funds will be used to expand Xanoptix's XTM series of optical interconnect products and further develop its optically enabled integrated circuit technology.
Since its inception in March 2000, Xanoptix has raised $70 million. The company's near term plans include initial shipments of highly intelligent optical interconnect sub-systems, including what it claims is the industry's highest bandwidth transceiver.
Industry experts point out that electro-optic devices play an important role in the technology development across a wide span of industries. "We expect optical interconnects to become key enablers in high performance computing, data storage, and telecommunications equipment," contends Jeff Montgomery, chairman of telecommunications analyst firm Electronicast (San Mateo, CA). "A strong indicator for this trend is to see companies with advanced product offerings like Xanoptix secure a substantial amount of funding."
Xanoptix is headquartered in Merrimack, NH, where the company performs all product design, development, and manufacturing. For more information, visit the company's Web site at www.xanoptix.com.