BeamExpress Raises $14.2M

The VCSEL company picks up a third round of funding and targets the LX4 market for 10-Gbit/s Ethernet

April 18, 2005

2 Min Read

SUNNYVALE, Calif., and LAUSANNE, Switzerland -- BeamExpress Inc. a producer of innovative optical transceiver/transponders used in the 10Gigabit enterprise applications announced that it closed a $14.2M funding round led by Oak Investment Partners along with existing investors Index Ventures and European Technology Ventures (ETV). As an entry product platform, BeamExpress is delivering solutions today to key accounts, to serve 10GbE customers with installed legacy multimode applications in the Enterprise. The investment will be used to broaden the existing customer base, to fund production volume ramp-up of the current product line, to further develop new products, and commercialize its long wavelength vertical cavity surface-emitting laser (VCSEL) technology.

“This round validates the transformation of BeamExpress since its inception in August 2001, from a technology spin-off from EPFL (The Swiss Institute of Technology in Lausanne, Switzerland) into a world-class transceiver manufacturer. We are very pleased to have the support of such an experienced syndicate of investors,” said Jean-Claude Charlier, President and CEO of BeamExpress.

David Walrod, General Partner at Oak Investment Partners, will join the board of BeamExpress. David added, “Beam Express is uniquely positioned to be a leader in providing contributive transceiver products for enterprise networks now, with an even brighter future based on its leading edge long-wavelength VCSEL technology.”

“By adding a highly talented transceiver team in the Valley to its original world class optical device group in Switzerland, the company has been able to deliver best in class 10 Gigabit optical modules and is well poised to sustain its product innovation leadership in the future,” said Giuseppe Zocco, General Partner at Index Ventures.

Bor-long Twu, COO of BeamExpress, added “We are very pleased with the market acceptance of our new product line of 10GbE LX4 standard-compliant Transceivers that allow our customers, the networking equipment manufacturers, to provide the only existing cost effective solution guaranteed to work with installed legacy multimode fiber applications. It’s a great credit to our team to be the first in the industry to offer LX4 transceivers in both the required X2 and Xenpak form factors.”

BeamExpress Inc.

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