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July 10, 2006
VCs Go Large On CoreOptics Latest Round
Optical networking hardware maker, CoreOptics Inc., has raised $28M from new and existing investors, bringing the company’s total funding to $68M since being founded in Nuremberg Germany in January 2001. That is a pretty large sized round of VC for a Europe optical component manufacturer. It must be hitting its milestones on target and on time.
Its backers include GIMV, Quest for Growth, Crescendo Ventures, TVM Capital, High Tech Private Equity, Atila Ventures and others.
Coreoptics' chips and subsystems are found inside optical networking gear for 10Gig and 40Gig connections.
Posted on July 10, 2006 05:47 PM | Posted to Broadband Services | Hardware | Venture Capital | Permalink
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