May 6, 2004 Woburn, MA -- Aegis Semiconductor, manufacturer of dynamic optical components and systems, has secured a Series C round of financing for $10 million, bringing the company's total investment to more than $27 million.
All existing investors participated in the round, including St. Paul Venture Capital, Alta Partners, YankeeTek Ventures, Technology Venture Partners, Stata Venture Partners, and Megunticook Management.
"Aegis' progress to date has been outstanding," reports Bill Cadogan, general partner at St. Paul Venture Capital. "Aegis has moved vision to reality with flawless execution that has delivered products, established key worldwide distribution relationships, and ramped sales. This latest round of funding is testament to Aegis' ability to execute on their business plan and build significant value," he adds.
The capital investment will be used to accelerate revenue growth in the communications market and to continue to develop the Active Thin Films technology platform. Aegis has developed tunable thin film filters that are offered in small packages at very compelling price points, say company representatives. The additional funding will also be used to further leverage the Active Thin Films platform in new market segments.
"This additional funding is a great sign of confidence in Aegis," contends Matthias Wagner, founder and CEO, Aegis Semiconductor. "We are well-positioned to drive forward and continue to assemble the key ingredients for success," he says.