kSARIA Corp. captures $20 million in second-round funding

Dec. 5, 2001
Dec. 5, 2001--kSARIA Corp. has raised $20 million in second-round venture funding, led by a new investor, Advent International of Boston, MA, who was joined by all of kSARIA's first-round institutional investors: North Bridge Venture Partners, U.S. Venture Partners, Boulder Ventures Ltd. and Spinner Asset Management, LLC. kSARIA will use the capital to fully develop its family of products and expand its sales and manufacturing infrastructure.

kSARIA Corp. has raised $20 million in second-round venture funding, led by a new investor, Advent International of Boston, MA, who was joined by all of kSARIA's first-round institutional investors: North Bridge Venture Partners, U.S. Venture Partners, Boulder Ventures Ltd. and Spinner Asset Management, LLC. kSARIA will use its fresh influx of capital to fully develop its family of products and expand its sales and manufacturing infrastructure.

"We're confident that kSARIA is the clear leader in automated assembly equipment for the optical components industry," contends Douglas A. Kingsley, managing director of Advent International. "When the telecom industry rebounds, manufacturers will have to choose between massive hiring and automation. We believe they'll choose automation and, when they do, kSARIA will be well positioned to capitalize on the opportunity."

kSARIA believes it was successful in attracting additional capital now because its standardized, automated systems address a major industry problem: slow and costly, labor-intensive assembly of fiber-optic components and modules. These products are driving the innovation of next-generation, high-bandwidth networks but they are still assembled by manual and semi-manual methods.

kSARIA's first assembly system, the Prima Fiber Pigtail Fabrication System, is in full scale production. kSARIA's second system, the PrestaFiber Prep and Fusion Splicing System, was previewed in October at the Assembly Automation Expo and will be in production in the first quarter of 2002.

For more information about kSARIA (Wilmington, MA), visit the company's Web site at www.kSARIA.com.

Sponsored Recommendations

Optical Transceivers in the Age of AI: Impacts, Challenges, and Opportunities

Jan. 13, 2025
Join our webinar to explore how AI is transforming optical transceivers, data center networking, and Nvidia's GPU-driven architectures, unlocking new possibilities in speed, performance...

Innovating the network edge with 100ZR QSFP28: The next frontier in coherent optics

Jan. 15, 2025
In this webinar, Juniper Networks, EXFO and Precision Optical Technologies are teaming up to showcase the new 100ZR QSFP28 pluggable coherent technology, exploring its foundational...

ON TOPIC: Filling Coverage Gaps, Enhancing Public Safety

Jan. 30, 2025
With the ongoing drive to support AI and the need for high-speed data center interconnection, the call for higher-speed 800G optical technology is emerging. Initially focused ...

Linear Pluggable Optics – The low-power optical interconnects for AI and Hyperscaled data centers.

Dec. 23, 2024
This LightWave webinar discussion will review the important technical differentiators found in this emerging interconnect field and how the electro/optic interoperability and ...