Alphion Raises $12.1M

Alphion, which develops integrated components for wavelength management and performance monitoring, secures $12.1M in third-round funding

August 12, 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 that it has received an additional $1.5 million in its third round of venture financing to complete the round with a total of $12.1M. This financing brings the total investment in Alphion to $44.1M.

Alphion's third round of funding was led by Tallwood Venture Capital with participation from Goldman Sachs, Narra Venture Capital, and industry executives as well as new investors Axiom Venture Partners, and ICCP Venture Partners. This funding will be used to support the growth of the company's manufacturing capacity and expansion of its sales and marketing efforts.

"We are pleased to have continued strong investor support, which demonstrates high confidence in our value proposition and execution," said Dr. Bharat P. Dave, Alphion's Chairman, President and Chief Executive Officer. "This funding will allow us to expand the QLight(tm) product family, and to gear up our operations to meet the growing market demand."

Alphion Corp.

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