StrataLight Communications raises $19.5 million

Dec. 19, 2003
19 December 2003 Campbell, CA Lightwave -- StrataLight Communications announced today that it has completed a $19.5 million second round of venture capital funding. This round was led by TL Ventures, and included previous investors USVP, ComVentures, The Photonics Fund, and several strategic partners. Proceeds from this round will enable the company's commercial release and volume production of its OTS-4000 products in early 2004.

19 December 2003 Campbell, CA Lightwave -- StrataLight Communications announced today that it has completed a $19.5 million second round of venture capital funding. This round was led by TL Ventures, and included previous investors USVP, ComVentures, The Photonics Fund, and several strategic partners. Proceeds from this round will enable the company's commercial release and volume production of its OTS-4000 products in early 2004.

StrataLight provides 40-Gbit/sec optical transport subsystems for use by carriers in long-distance core networks. StrataLight's first product has been tested in recent field trials in the U.S. and Europe and is being offered on an OEM basis by several large U.S. and European optical networking system integrators as a complement to their latest generation 10-Gbit/sec optical transport products.

The company's proprietary lightwave modulation technology allows the transport of 40 Gbits/sec using a single optical wavelength that will retrofit into 10-Gbit/sec optical channels, increasing fiber capacity and lowering transport costs.

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