Wave7 Announces $9M 1st Round

Morgenthaler Ventures and Lucent Venture Partners lead funding for optical access developer

October 25, 2000

1 Min Read

ALPHARETTA, Ga. -- Wave7 Optics, Inc. today announced that it has received $9 million in first-round funding from Morgenthaler Ventures and Lucent Venture Partners. Wave7 Optics was created to develop a fiber-to-the-home optical access system that resolves the bandwidth capacity dilemma which faces providers of video, voice and high-speed data services in the last mile of their communications networks.

“The support of two highly-respected venture capital firms validates that the team we are assembling not only possesses an innovative approach to next-generation systems, but is also driven to engineer viable optical access solutions that meet the real demands of carriers,” said Thomas Tighe, president & CEO.

http://www.w7optics.com

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