Santur secures funding to expand 'Intelligent Integration' for photonic integrated devices
JULY 27, 2009 -- Tunable and parallel-array device supplier Santur will use the funding from existing investors to expand its product development.
JULY 27 , 2009 -- Tunable and parallel-array device supplier Santur Corp. (search Lightwave for Santur) has secured more than $13 million in funding from existing investors.
Menlo Ventures led the round with participation from existing investors including Sequoia Capital and VantagePoint Venture Partners.
"Investors are excited by our recent product introductions, our near-term roadmap, and the strength of Santur's business model," claims Paul Meissner, Santur president and chief executive officer. "We are encouraged by this strong show of support in the midst of a difficult economic climate."
Santur will focus the funds raised on its Intelligent Integration, the new product it says is required to meet demand for high-bandwidth, photonic integrated devices in its tunable and EPIC product lines. The announcement follows Santur's new 100G client-side and line-side product and technology based on Intelligent Integration demonstrated at OFC/NFOEC 2009 (see "Santur delivers tunable lasers with InP modulators for applications up to 12 Gbps") and Interop 2009.