SAN JOSE, CA--Optical networking leader Zaffire™ recently closed its third round of financing, raising approximately $85 million from a cadre of financial and strategic investors.

Zaffire, which is focused on the metro/regional space within the optical networking business, said it will use the new funds to transition to a full operating company, ramp up its manufacturing process, build out its sales and customer support channels, and expand its international sales and distribution operations.

Integral Capital Partners was lead investor on Zaffire’s third round of funding, followed by OppenheimerFunds, Inc., J&W Seligman & Company, and Carlyle Internet Partners Europe LP. Other key investors this round were Azure Capital Partners, JT Venture Partners, Kinetic Ventures, Octane Capital Management, Pilgrim Baxter Hyper Partners, Bank of America Securities, and Morgan Stanley Dean Witter. In addition, Zaffire received further support from previous investors Kleiner Perkins Caufield & Byers, Juniper Networks, and MRV Communications.

http://www.zaffire.com/press_articles/news_060600.html