LuxNet Rounds up $18 Million

LuxNet receives $18 million in its latest round of venture capital funding

October 15, 2001

1 Min Read

FREMONT, Calif. -- LuxNet Corporation recently announced that it has received $18 million in its latest round of venture capital funding. Investors include VenGlobal Capital, Acer Technology Ventures, Citigroup, Acorn Venture Partners, Gain Investment Corporation, and Trident Microsystems. The funding follows the successful establishment of LuxNet’s OMVPE growth facility in Fremont, California; and its 15,000 square-foot manufacturing subsidiary in Lung-Tan, Taiwan. LuxNet intends to use the proceeds to ramp up global volume manufacturing capability, testing, and development of its cutting-edge VCSEL, PIN, FP, and DFB devices for SAN, LAN and MAN environments."Our samples have consistently shown themselves to be some of the best performing in the optical networking industry. LuxNet has an extraordinary team of technical experts with the innovation and seasoned experience to advance our technology beyond that of our competition," said Dr. Hsing Kung, Chairman and CEO of LuxNet. LuxNet Corp.

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