Investors include Portview Communications Partners, Star Ventures, Court Square Optical, and Sycamore Networks

December 11, 2000

1 Min Read

LOWELL, Mass. -- Optical networking start-up Mintera Corporation today announced that the company has closed its first round of financing in the amount of $26 million. Investors in this round include leading optical networking venture capital firms in Europe and the US - Portview Communications Partners, Star Ventures and Court Square Optical, an affiliate of Court Square Ventures. Sycamore Networks, Inc. also participated in the round.Initially, Mintera plans to focus on creating intelligent photonic transport solutions that will enable system providers to build carrier-class optical networking equipment operating at speeds of 40 gigabits per second. Mintera’s objective is to enable system vendors to rapidly commercialize the benefits of new optical technology into state-of-the-art systems for deployment in next generation optical networks.

“The optical market is rapidly evolving as new technologies are developed and old barriers are broken down almost on a daily basis” said Jim Murray, Managing Partner of Court Square Ventures. “Mintera is well positioned on one of the industries most crucial and exciting development horizons and we look forward to watching them grow into a leader in this market.”

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