CODEON Corporation secures $37 million in Series D financing

CODEON Corporation, a designer and manufacturer of optical components for the fiber optic telecommunications industry, announced the completion of its Series D financing.

CODEON Corporation, a designer and manufacturer of optical components for the fiber optic telecommunications industry, announced the completion of its Series D financing, totaling $37 million and bringing the company's total funding to $62 million.

Investor interest and support for CODEON continued to grow in the Series D financing round. CODEON has a diversified investor base with new investors Mustang Ventures, Amerindo, Canadian Imperial Bank of Commerce, BankAmerica Investment Corporation and Deutsche Bank Alex Brown. Previous investors New Enterprise Associates, Optical Capital Group, Grosvenor Funds, Kinetic Ventures and Boulder Ventures also participated in the latest round.

The series D financing coincides with several major CODEON developments, most notably the company has opened its manufacturing facility, launched production of its core product line—the high-speed external optical modulator—and initiated comprehensive customer development and sales efforts.

About CODEON Corporation:

CODEON (COmmunication DEvices for Optical Networks), based in Columbia, Maryland, designs and manufactures optical components for the fiber optic telecommunications industry. For more information, visit www.codeoncorp.com.

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