Novalux Has $109M 3rd Round

Will allow the company to meet the demand for its first family of pump laser products

September 26, 2000

1 Min Read

SUNNYVALE, Calif. -- Novalux Inc., a fiber optics components company, today announced it has closed a $109 million round of equity financing. Novalux's third round of financing was led by Morgan Stanley Dean Witter Venture Partners, and includes new investors Cisco Systems Inc., Credit Suisse First Boston, Intel Capital, Lamoreaux Partners, MSD Capital, NorthEast Ventures, Salomon Smith Barney, Sternhill Partners, Telesoft Partners and U.S. Bancorp Piper Jaffray. Previous investors also taking part in this round include Crown Advisors, Crescendo Ventures, DynaFund, RWI, Tredegar Investments and Vanguard Venture Partners.

"This round of funding will allow us to deliver on our strategic plan," said Malcolm Thompson, Ph.D., CEO of Novalux. "This financial support brings us one step closer to fully realizing the advantages of the NECSEL platform in performance, manufacturing, assembly, packaging and testing."

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like