Alphion Raises $10.6M

Alphion Corp. announces $10.6M investment

April 21, 2005

1 Min Read

PRINCETON JUNCTION, N.J. -- Alphion Corporation, a leader in innovative integrated components for photonic regeneration, signal conditioning, wavelength management, and performance monitoring, announced today the first closing of a third round of funding with an investment of $10.6M, bringing the total company funding to $42.6M. The second closing is scheduled and the company is in discussions with interested investors.

Alphion’s third round of funding was led by Tallwood Venture Capital with participation from Goldman Sachs, Axiom Venture Partners, ICCP Venture Partners, Narra Venture Capital, and industry executives. This funding will be used to support the expansion of Alphion’s QLight™ family of photonic integrated circuit products and the ramp up of manufacturing operations.

Dado Banatao, Managing Partner of Tallwood Venture Capital, said “the continued investment by Tallwood in Alphion reflects our confidence in the company’s vision for the future of photonic networking and the team’s ability to build the business in tough market conditions.”

Sam McKay, General Partner at Axiom Venture Partners, added “Alphion is emerging as a leader in photonic integrated circuits. We are very excited about this investment. Alphion’s QLight™ technology platform addresses a broad spectrum of customer needs and is being deployed in a wide variety of applications.”

William Valtos Jr., Senior Managing Director of ICCP Venture Partners commented, “We are very enthusiastic about Alphion’s growth potential. The recent addition of Alphion’s QLight™ Amp and Switch product lines to the photonic transponder line, demonstrates the versatility of the QLight™ technology platform.”

Alphion Corp.

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