Calient raises $27M in latest funding round, names Jag Setlur as CFO
July 24, 2013
SANTA BARBARA, Calif. -- CALIENT Technologies, Inc., the global leader for optical circuit switching technology, today announced it has raised a $27 million round of venture financing and named Jag Setlur, a 20-year finance professional, as its Chief Financial Officer (CFO).
The company raised the round from a combination of new and existing investors. The funding will be used to enhance CALIENT’s portfolio of 3D MEMS optical circuit switching systems, extend its IP portfolio and provide working capital for its rapid production growth driven by new applications in software defined datacenter networking.
Setlur reports to to Atiq Raza, CALIENT Chairman and CEO. He joins CALIENT from July Systems where he served as chief operating officer (COO) and CFO. Prior to that, Setlur served as CFO for Cotendo Inc., where he closed two rounds of funding of nearly $30 million and managed the strategic positioning and sale of the company to Akamai.
Calient Technologies Inc.
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