FREMONT, Calif. -- ANDevices, an innovative optics company focusing on communications and bio-photonics applications, today announced that it has closed its first round of financing. Led by AsiaTech Management and supported by several Silicon Valley angel investors, the new funding will be used to develop communications components used in Fiber-to-the-Home(FTTH) and Fiber-to-the-Premises (FTTP) applications, as well as bio-photonic applications such as a spectrometers on a chip and other bio-sensing devices.

“ANDevices is made up of a team with deep experience in silica wave-guide technology that can be applied to a number of fields,” said Jacob Sun, president and chief executive officer of ANDevices. “We are extremely pleased to have top-tier investors such as AsiaTech and seasoned Silicon Valley angel investors, who have funded and grown several start-ups to become multi-billion dollar enterprises, join our team. Besides permitting us to expand our team and capabilities, this new funding should take us to cash positive point.”

“Over our partnership and collaboration, which spans more than two years, we have been very happy with the quality and service of newly developed PLC products with innovated designs provided by the team at ANDevices. This is a solid engineering team with rich PLC experience,” said Shuzo Suzuki, executive officer and general manager, Sumitomo Electric Industries.

“ANDevices has a solid technology base that can be applied to the established communications markets, as well as the emerging market for bio-photonics,” said Louie Liu, partner at AsiaTech Management. “While the optical component market has been through a difficult period over the past few years, we see a lot of opportunity for ANDevices to drive innovation in the bio-photonics field, and to supply high-quality communications components to the telecommunications and datacom markets.”

ANDevices Inc.