| CoreOptics Raises $25 Million New Venture Capital |
| Thursday, May 15, 2008 5:56:00 AM PDT | VentureDeal Staff |
SAN JOSE, CA & NUREMBURG, GERMANY -- Optical networking company CoreOptics announced that it has secured $25 million in a new round of venture funding.
CoreOptics is developing subsystems for ultra high speed optical networking applications. The company's current portfolio includes 10Gbps and 40Gbps transponders for a variety of metro, regional and long haul systems.
Investors included T-Venture Holding GmbH, Crescendo Ventures, TVM Capital, Quest for Growth, High Tech Private Equity, Atila Ventures and others.
The funding proceeds will be used for completing the company's near-term development plan and expanding its sales and marketing efforts.
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