MONTEREY PARK -- LightCross, Inc., a leading integrated optical networking components company, announced the completion of a $30MM Series B Preferred Stock financing, at a valuation well above the Company's Series A financing. The LightCross Series B financing was led by UMC Capital, the venture capital arm of United Microelectronics Corporation (UMC) of Taiwan, a world-leading semiconductor foundry. Also participating in the round were Series A investors ComVentures, ARCH Venture Partners and JP Morgan Partners, strategic investors Asia Optical Technology Co. and RiTEK Corporation, and a number of prominent individuals from the telecommunications and semiconductor industries. LightCross and UMC are also entering into a strategic relationship under which LightCross will utilize its proprietary technology to manufacture integrated photonics components and subsystems at UMC's advanced foundry facilities. Robert Tsao, Chairman of UMC and the UMC Group, and Robert "Bob" Barron, the former President of Lucent's Metro Optical Networking Group, joined the LightCross Board of Directors on the closing. LightCross' other Directors include leading venture capitalists Cliff Higgerson of ComVentures and Dr. Patrick Ennis of ARCH, as well as optical networking pioneers Dr. Tingye Li, formerly of Bell Labs and Dr. Chi Wu, the founder, Executive VP and CTO of LightCross. Philip Lin, Director of UMC Capital, joined the Board as an Observer.LightCross Inc.United Microelectronics Corp. (UMC)