Onix Scores $95 Million

Series C funding was led by JK&B Capital and included Deutsche Venture Capital, DRW Venture Partners, and Merrill Lynch Ventures

August 6, 2001

1 Min Read

RICHMOND, Calif. -- Onix Microsystems Inc., a developer andmanufacturer of optically transparent switching engines for communicationsnetworks, recently completed its final close of Series C funding, havingraised over $95 million in equity and debt financing.Participants in this final close, led by JK&B Capital, included DeutscheVenture Capital, DRW Venture Partners, Merrill Lynch Ventures, TaiwanSpecial Opportunities Fund III, and other strategic institutions.Participants in the first close of this series included Analog Devices Inc.,Alliance Select Investors, Essex Private Placement Fund, MillenniumTechnology Ventures, Randolph Street Partners, Sinwave Venture CapitalLimited, Trust Company of the West, and Zimmer Lucas Partners.Previous-round investors Bank of America Venture Partners, AdvancedTechnology Ventures, and Azure Capital also participated. Onixalso secured a $20 million capital equipment loan agreement with WesternTechnology Investments, Silicon Valley Bank, and GATX Ventures Inc.“We believe Onix Microsystem’s innovative 2D and 3D MEMS technologies andpackaging designs put them in a strong position to lead the opticalswitching component market,” says Al DaValle, Executive Member of JK&BCapital. “And this level of financial support, in this market environment,underscores the level of confidence and support the company has.”Onix Microsytems Inc.

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