Capella raises $10M, receives $1M BIRD grant
September 21, 2005 San Jose, CA -- Capella Photonics, a provider of wavelength selective switch (WSS) modules for use in reconfigurable optical add/drop multiplexer (ROADM) and optical cross connect (OXC) applications, today announced the closing of $10 million in its Series D financing round.
The round was led by investors Bay Partners, BCE Capital, Vanguard Ventures, and several private investors. Capella says the capital infusion will allow it to mass-produce, sell, and support its patented WavePath products.
In addition to receiving equity funding, Capella also announced that it and its development partner, RED-C Optical Networks, have been awarded a grant of $1 million from the US - Israel Bi-national Industrial Research and Development Foundation (BIRD Foundation), an organization that provides funding to joint U.S./Israeli business teams engaged in the development and commercialization of non-defense technological products.
Capella and RED-C say they soon expect to deliver an integrated EDFA/ROADM subsystem, offering intelligent management of optical transmission in a dynamic and remotely reconfigurable transparent network. Capella says its WavePath wavelength management modules coupled with RED-C's Self-managed amplifier will address the complex integration and development challenges faced by network system developers.
According to the companies, development of the integrated EDFA/ROADM is well underway and the product is expected to be commercially available within the next 12 months.
