iolon, Inc. secures $53 million in second round funding

Feb. 26, 2001--iolon, Inc., a privately held optical networking components company, announced the completion of a $53 million strategic financing round led by Bowman Capital. The funding will enable the company to complete development of its initial portfolio of tunable optical devices.

iolon, Inc., a privately held optical networking components company, announced the completion of a $53 million strategic financing round led by Bowman Capital. iolon's second round of funding includes additional investments from first round investors Kleiner Perkins Caufield & Byers (KPCB) and Optical Capital Group, as well as new investments from Boston Millennia Partners; Corning Innovation Ventures, a division of Corning Incorporated; Doll Capital Management (DCM); Goldman Sachs Group, Inc.; Integral Capital Partners; J. & W. Seligman, Inc.; Banc of America Securities LLC; CIBC World Markets; Credit Suisse First Boston; CrossBridge Venture Partners; Kalkhoven, Petit and Levin Ventures (KPL); SSB Page Mill Capital Partners; Techno-Venture and Wit SoundView.

The funding will enable the company to complete development of its initial portfolio of tunable optical devices. The closing of iolon's second round also provides the funds necessary to ramp volume production of the company's first product, a widely tunable, high-powered laser, which began sampling late last year.

iolon's patented platform technology utilizes reliable, high aspect ratio MEMS actuators and advanced servo controls to integrate micro optic components into class leading tunable products. iolon's products offer broad tunability combined with optical performance levels equal to or better than those of current high-performance fixed wavelength devices.

About iolon, Inc.:

Headquartered in San Jose, CA, iolon, Inc., is a privately held optical networking components company, providing high performance tunable devices for advanced fiber optic networks. For more information, visit www.iolon.com.

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