DELFT, Netherlands -- ThreeFive Photonics, developer of breakthrough opto-electronic technology, today announced it completed its first round of financing by securing Euro 7 million from venture capital companies Atlas Venture and Gilde IT Fund. The company will use the capital for the development of next-generation optical chips, integrating complete network subsystems on a single chip, thus dramatically reducing costs and significantly improving performance of telecommunications systems in use by network operators globally. "Clearly, we are very pleased with the support of Atlas Venture and Gilde IT Fund, who both are reputable investors in communications technology," says Wouter Deelman, CEO and co-founder of ThreeFive Photonics. "This will enable us to complete the development of our first chip, codenamed Argo, and to prepare it for production."ThreeFive PhotonicsAtlas Venture