May 20, 2004 Merrimack, NH -- Xanoptix, developer of 3D semiconductor integration and high-density parallel optics, has announced the closing of $15.2 million of its Series C Convertible Preferred securities. The company's primary investors led the round, including William Blair Capital Partners, Euclid SR Partners, Envest Ventures, and Optical Partners LLC. The funds will be used to further develop Xanoptix's Hybrid Integrated Circuit technology and to expand its XTM Series optical interconnect product line.
"Xanoptix possesses unique and far reaching 3D stacking and interconnect technology, which will change the way electronic systems are designed and manufactured in the years to come," contends George Gilder, veteran industry analyst, who notes that "the technology could have the same impact as the integrated circuit did on its introduction in the 1970s. It is good to see this exciting company continue to develop," he adds.
"This round of investment will allow Xanoptix to accelerate the deployment of our Hybrid Integrated Circuit technology, allowing customers to begin to realize the large benefits in system performance, size, cost, and power dissipation," reports Rob Baxter, chairman and CEO of Xanoptix. "We are pleased at the continued support of our investors, who once again have given our technology and our team a big vote of confidence."