GigaTera Inc. receives $2 million in venture financing

Nov. 26, 2001--Swiss company GigaTera Inc. has received an investment of $2 million in venture financing from Cypress Semiconductor and its wholly owned subsidiary, Silicon Light Machines, both based in Sunnyvale, CA.

Nov. 28, 2001

Swiss company GigaTera Inc. has received an investment of $2 million in venture financing from Cypress Semiconductor and its wholly owned subsidiary, Silicon Light Machines, both based in Sunnyvale, CA.

"This investment and relationship with Cypress/Silicon Light Machines will help us to accelerate the development our first network-deployable product." Claims Andros Payne, CEO of GigaTera. "We are pleased to receive such a strong endorsement of our team and technology from Cypress and Silicon Light Machines, both technically savvy industry players."

"The investment relationship between Cypress/Silicon Light Machines and GigaTera is based on the recognition of a strong set of complimentary skills. There is significant potential for broader cooperation between our organizations in the future," contends Robert Corrigan, Senior Vice-President of Silicon Light Machines. Corrigan will join the GigaTera board as an observer.

GigaTera Inc. is developing components for next-generation optical networks. The company is based near Zurich, Switzerland and has raised $9 million in venture capital to date. For more information, visit the company's Web site at www.gigatera.com.