Xtellus adds capital, investor

MARCH 27, 2008 -- The WSS supplier has announced the addition of $8.3 million in growth capital. Led by a new investor, NanoDimension Limited Partnership, the round also included Xtellus's existing investors.

MARCH 27, 2008 -- Xtellus (search for Xtellus), a supplier of scalable wavelength-selective switches (WSSs) for reconfigurable optical networks, has announced the addition of $8.3 million in growth capital. Led by a new investor, NanoDimension Limited Partnership, the round also included Xtellus's existing investors, Alta-Berkeley Venture Partners and Israel Seed Partners.

Xtellus says it will use the funds to further expand its WSS product lines and manufacturing facilities to meet what it calls "rapidly growing customer demand" fueled by the popularity of reconfigurable optical add/drop multiplexers (ROADMs), of which WSSs serve as components.

"The investment in Xtellus's team and their ROADM technology is an exciting, strategic entry into the fastest growing segment of the resurgent optical networking market," said Aymeric Sallin, NanoDimension AG's founder and managing director. "Xtellus's unique combination of liquid crystal and MEMS technologies enables them to deliver the industry's broadest range of WSSs to satisfy the needs of all ROADM applications."

"In response to continually rising customer demand this investment will allow us to immediately scale our manufacturing capacity in South Korea for the second time in less than two years," said Dr. Krishna Bala, Xtellus president and CEO. "This investment also allows us to fuel further growth by accelerating the release of new innovative products for both edge and core ROADM applications."

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