NanoOpto Secures $16M In Financing - Brief Article

NanoOpto Corp., which is applying nano-optics and nano-manufacturing technology to make components for optical networking, closed a $16 million series "A" round of venture financing.

The funding comes from four venture capital firms; Bessemer Venture Partners, Morgenthaler, New Enterprise Associates, and U.S. Trust's Excelsior Venture Partners III, LLC. Bessemer and Morgenthaler led the round.

NanoOpto has shipped prototype components to prospective customers for testing. The company is completing a full-scale fabrication facility at its Somerset, NJ headquarters that will permit volume manufacture by mid-2002.

(Amy Miller, Interprose PR, amy_miller@interprosepr.com) >TK Sun Microsystems [SUNW]:

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