Optium Raises $12M

Series C money brings total funding to $55M for the 10-Gbit/s transponder startup

February 1, 2003

1 Min Read

CHALFONT, PA -- Optium Corporation is pleased to announce the completion of its Series C financing, which raised $12 million. In its three rounds of funding, Optium has raised over $55 million.KPLJ Ventures, Texas Pacific Group, Battery Ventures and Corning Innovation Ventures -- all investors in Optium’s Series B financing -- contributed to this latest round of fundraising."Optium's ability to complete funding at a time when the venture capital community is very cautious endorses our status as the premier fiber optic sub-system manufacturer of high performance transponders," stated Paul Suchoski, CEO of Optium. Suchoski added, "Optium is experiencing significant growth each quarter due to our best-in-class products, attention to customer service, and unique operational model. The company should now be adequately funded to reach profitability and positive cash flow."Optium is a privately held fiber-optics company that designs, manufactures, and markets high-speed transponder products. Optium’s line of serial 10-Gb/s (OC-192) transponders incorporates all of the features required by the 300 pin Multi-Source Agreement (MSA) and serial Optical Internetworking Forum (OIF99.102.8) specification. The 1310nm transponders are designed for typical applications with optical links up to 40 kilometers. The 1550nm transponders are designed for long reach and back-haul applications. Optium Corp.

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