Symmorphix Scores $25M Round 1

Developer of components for optical networks attracts investments from Crescendo Ventures and Battery Ventures

November 17, 2000

1 Min Read

SUNNYVALE, Calif. -- Symmorphix, Inc., today announced that it received approximately $25 million in its first round of venture capital financing. Symmorphix is a new venture that is dedicated to building next-generation Amplifying Planar Integrated Components (APICs) using proprietary thin-film process technology. These economical, compact, distributed-amplification components compensate for optical signal loss as well as improve optical networking equipment performance and scalability. Two leading venture capital firms - Crescendo Ventures and Battery Ventures - made significant investments in Symmorphix for the first time. Battery Ventures Principal Jim Orlando and David Spreng, Managing General Partner of Crescendo Ventures, have joined the board of directors. Other investors include several individuals who also provided the seed funding for Symmorphix.

"A new class of small form-factor, economical optical components is needed to support the telecom industry's conversion from electronic systems to all-optical networks," said Jim Orlando, Principal, Battery Ventures. "Symmorphix is addressing this need by developing a new thin-film process technology for mass-producing compact, cost-effective waveguide amplifiers for virtually every type of next-generation optical equipment."

http://www.symmorphix.com

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