Cenix Secures $52M

Series B round brings the company’s total funding to $77 million

October 24, 2001

1 Min Read

LEHIGH VALLEY, Pa. -- CENiX Inc., a leader in the design and automated manufacture of next generation high-speed optoelectronic interfaces, announced today that it has raised an additional $52 million in a combination of second round equity and debt financing. With the participation of its Series A investors, and the addition of a global network of strategic and financial investors, this round brings the company’s total funding to $77 million.In addition to first round investors, the recently completed Series B equity round of $34 million includes POSDATA Company, Ltd., AK Investments, LG Electronics Inc., Athena Venture Fund, Samwhan Corporation, S.P. Comtech Co., Ltd., Optical Capital Group, and other strategic partners and individuals. The $18 million in debt financing was funded by Western Technology Investment and Comdisco Ventures in support of CENiX’s manufacturing infrastructure and automation equipment financing.“CENiX’s high speed opto-electronic subsystems are focused on meeting the evolving needs of the global market,” said Kwang-Ho Kim, President and CEO of POSDATA, a leading provider of information technology services in the Asian marketplace. “We believe CENiX is well positioned to capture market share in the growing Asian optical communications market.”Cenix Inc.

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