Capella Photonics nabs $6 million in Series C

October 19, 2004 San Jose, CA -- Capella Photonics, Inc., a developer of wavelength selective switch (WSS) modules for use in reconfigurable optical add/drop multiplexer (ROADM) and optical crossconnect (OXC) applications, has closed $6 million in its Series C financing round. Participants in the round include new investor Horizon Technology Finance, in addition to previous investors Bay Partners, Vanguard Ventures, BCE Capital and several private investors.

Oct 19th, 2004

October 19, 2004 San Jose, CA -- Capella Photonics, Inc., a developer of wavelength selective switch (WSS) modules for use in reconfigurable optical add/drop multiplexer (ROADM) and optical crossconnect (OXC) applications, has closed $6 million in its Series C financing round. Participants in the round include new investor Horizon Technology Finance, in addition to previous investors Bay Partners, Vanguard Ventures, BCE Capital and several private investors.

The company will use the funds to add marketing and sales resources and to "deepen relationships with contract manufacturers," in the words of Capella's news release. Concurrently, Capella announced the hiring of Ken Falta as vice president of sales.

"Successful completion of customer trials in both North America and Europe has opened exciting growth opportunities for Capella," said Joseph Davis, Capella president and CEO. "We are extremely pleased to have the continued support of our strong investor syndicate, which now includes Horizon Technology Finance."

Capella's WavePath portfolio includes products for long-haul, regional, and metropolitan networks, each featuring functionally integrated modules. Featuring remote reconfigurability coupled with channel equalization and performance monitoring, the WavePath products are designed to enable equipment manufacturers to offer systems that reduce the time and cost of planning, deploying, provisioning, and maintaining optical networks.

Meanwhile, Falta will direct the development and implementation of global marketing and sales operations for Capella. Prior to joining Capella, Falta was vice president of OEM sales at Glimmerglass, director of worldwide sales at OMM, and held various sales and management positions at Lucent's Optoelectronics Division and General Instrument (now Motorola).

More in Business