K2 Attracts $6.4M

K2 Optronics attracts $6.4 million in first close of third round financing

November 9, 2004

1 Min Read

SUNNYVALE, Calif. -- K2 Optronics, Inc., a provider of lasers for the telecommunications, cable television, RF, sensing, and test and measurement industries, has announced that the company has secured $6.4 million as part of its first closure of a third round of venture capital financing. This brings the total investment in K2 Optronics to over $45 million. Leading investment firm Alloy Venture Partners led the investment round, along with major participation by existing investors Advent Venture Partners (UK), Bessemer Venture Partners, Globespan Ventures, Sutter Hill Ventures, and The Photonics Fund.

"We are very pleased to have affirmed the support and confidence of our investors as we continue to strengthen our business model and execute against our business plan," said Raj Kapany, President and CEO. "K2 Optronics brings the most innovative external cavity lasers (ECL) to our core markets in telecom and CATV. These markets have already recognized the value provided by our ECLs, the only lasers that combine direct modulation with other key attributes, such as long reach, high power, low distortion, low chirp, and narrow linewidth."

Kapany further stated, "K2 Optronics will use the funds generated from this financing round to accelerate the introduction of new products and to beef up our global sales and marketing presence. As a result," Kapany concluded, "these investments allow K2 Optronics to continue to grow our portfolio of design wins and contract awards, while greatly improving our customer support around the world."

K2 Optronics Inc.

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