Aegis Semiconductor Secures $8 Million in Series D Financing
March 01, 2006
Woburn, MA - March 1, 2006 - Aegis Semiconductor, a leader in cost-effective optical channel monitors for fiberoptic communication networks, today announced the closing of $8 million in Series D financing, bringing the company’s total investment to more than $30 million.
The round of financing was completed with participation from existing investors including Vesbridge Partners, Alta Partners, Technology Venture Partners and Megunticook Management. The capital investment will be used to expand capacity in response to growing customer demand for DWDM channel monitors and to augment the product platform.
“Aegis has experienced solid revenue growth and has established a clear leadership position in the monitoring market,” said Raj Alur, managing director at Vesbridge Partners. “This management team has demonstrated its strong ability to execute and we look forward to the next phase of the company’s growth.”
The demand for Aegis’ low-cost channel monitor technology has accelerated dramatically, fueled by carriers’ deployments of Re-configurable Optical Add-Drop Multiplexer (ROADM) systems, multi-haul (or multi-reach) DWDM systems and transparent optical network architectures that support third party (or “alien”) wavelengths.
"ROADMs are taking center stage in the latest carrier RFPs, and yet providers are looking for lower-priced ROADMenabled equipment," said Michael Howard, principal analyst at Infonetics. "An essential part of every ROADM is the channel monitoring function that prevents wavelength collision between added and express wavelengths, tracks wavelength routing in multi-degree configurations, and provides feedback to the VOAs that equalize the DWDM spectrum. Low cost DWDM channel monitors are essential to make ROADM solutions economically viable."
“This funding milestone shows that our investors share our enthusiasm as we execute to our business plan,” said Don Bossi, president and CEO, Aegis Semiconductor, “and as our cost-effective tunable thin-film filters increasingly enable intelligence and flexibility in optical networks.”
About Aegis Semiconductor
Aegis Semiconductor is a privately held company that builds cost-effective solutions for intelligent optical networks. Based on its Active Thin Films technology, Aegis is the first company to deliver low-cost wavelength-monitoring components and modules that are easily manufactured using proven methods from the semiconductor industry. Aegis has raised more than $30 Million in funding from leading investors and venture capitalists including Vesbridge Partners, Alta Partners, Technology Venture Partners and Megunticook Management. The company is located in Woburn, Massachusetts, USA. More information can be viewed at www.aegis-semi.com.
Related Member:
Raj Alur
Related Company:
Aegis Semiconductor, Inc.
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