Tuesday, October 4, 2005

CyOptics Adds $3 Million in New Funding

CyOptics, a supplier of optical chips and components, raised an additional $3 million as part of its Series F funding round. Birchmere Ventures joined prior investors JVP, Sprout Group, TowerBrook Capital Partners, and EURfund, which collectively invested $16.5 million in the April first closing. The round also included $7.5 million in debt financing from Comerica Bank. This round financed the acquisition and integration of TriQuint Semiconductor's Optoelectronics Division.

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