Auxora Gets $3M More

Auxora finds additional $3M in financing, bringing total to $14.7M in Series A round led by Rustic Canyon Ventures

June 18, 2002

1 Min Read

BALDWIN PARK, Calif. -- Auxora, Inc., a leading provider of optical filter products for wavelength management and control, announced that it has completed its Series A financing round with an additional $3 million, led by Rustic Canyon Ventures. Existing investors Intel Capital and individuals also participated.This financing round brings the total investment in Auxora to $14.7 million. Rustic Canyon, Intel Capital, and individuals provided an initial investment of $11.7 million in September 2000. Auxora will use the funds to continue expansion of its R&D efforts and to help bring its new products, including next-generation tunable filters, to market this year.Using its proprietary NanoCODE deposition technology, Auxora’s current products include tunable filters, DWDM filters (50Ghz and 100Ghz), and specialty thin film filters such as Gain Flattening Filters and high performance band splitters. Auxora currently has over 15 public and private customers in the US and abroad."We are excited to announce the closing of our Series A financing round with our existing investors, Rustic Canyon Ventures and Intel Capital." said Dr. Xin Zhang, President and Chief Executive Officer. "Our financial resources, combined with our proprietary technology and proven track record of providing carrier-qualified optical solutions, positions Auxora well for both current and next-generation market opportunities." Auxora Inc.

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