Lightlogic Raises $57.5 Million

Component vendor to ramp up manufacturing capacity.

May 19, 2000

1 Min Read

SANTA CLARA, CA -- LightLogic, Inc., a leading developer of high-speed integrated optoelectronic components, announced today that it has raised an additional $57.5 M in a combination of equity and debt financing.

At the same time, LightLogic announced that it has consummated a $17.5M credit facility with Western Technology Investment.

The financings will support a substantial increase in manufacturing capacity and related working capital needs, and an acceleration in product development, marketing, and sales efforts. In a related announcement, LightLogic said that it has agreed to a long-term lease for a new facility in Newark, California. The newly outfitted 30,000 square foot facility will include a class 10,000 clean room housing LightLogic's unique automated optoelectronic assembly processes. LightLogic said that it would occupy the new facility in August 2000.

http://www.lightlogic.com

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