SANTA CLARA, CA--Metro-Optix today announced the formation of the company and the successful completion of its first round of venture capital financing. The company has raised $20 million in first round funding from premier networking venture capital firms - Chase Capital Partners, InterWest Partners, Sevin Rosen and CenterPoint. In addition, the company has secured $8 million of equipment financing from Silicon Valley Bank and Western Technology Investments. In December 1999, Metro-Optix officially spun off from Ericsson, a worldwide telecommunications leader. Ericsson has retained a minority interest in the company.

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