NanoOpto secures additional $4 million in venture financing

April 17, 2002--NanoOpto Corp., a company applying proprietary nano-optics and nano-manufacturing technology to design and manufacture components for optical networking, announced today that it has closed its Series A round of venture financing with an additional $4 million.

NanoOpto Corp., a company applying proprietary nano-optics and nano-manufacturing technology to design and manufacture components for optical networking, announced today that it has closed its Series A round of venture financing with an additional $4 million.

The new financing comes from two funds within the Draper Fisher Jurvetson (DFJ) network, DFJ New England and DFJ Gotham; the Harris & Harris Group; and matching investments from the existing equity partners, Bessemer Venture Partners, Morgenthaler Ventures, New Enterprise Associates, and U.S. Trust's Excelsior Venture Partners III LLC. This additional $4 million brings the total financing raised by NanoOpto to date to $20 million.

NanoOpto is designing and manufacturing a new class of optical components, known as subwavelength optical elements (SOEs), which increase the density, functionality, and integration levels of optical systems while reducing overall costs, claims the company. SOEs are manufactured using proprietary nano-fabrication technology that can produce nano-optical components on a chip. NanoOpto recently announced that it is shipping samples of its polarization management subwavelength optical components to prospective customers for testing, as well as the production of its first wafer in its new nano-fabrication facility at its Somerset headquarters location.

For more information about NanoOpto Corp. (Somerset, NJ), visit the company's Web site at www.nanoopto.com.


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