FREMONT, Calif. -- WaveSplitter Technologies, Inc., a worldwide supplier of integrated optical components and modules for advanced optical networks, today announced that it has raised $20 million in new equity financing. The principal investors in the round were Mayfield and NIF Ventures. Other participants included Lucent Venture Partners, North America Venture Fund (affiliated with China Development Industrial Bank), Star Ventures and Kalkhoven, Pettit & Levin Ventures.“Securing this additional funding in the current economic climate represents a significant achievement and serves as a reaffirmation of WaveSplitter’s value proposition and strategic direction,” said Bill Diamond, President and CEO of WaveSplitter. “We believe our products and technologies are well aligned to important needs in optical networking for functional integration and cost reduction. This funding allows us to remain focused on execution and continue to deliver our vision to our customers.”“The current business environment is very challenging for many companies – public and private,” said David Ladd, General Partner of Mayfield. “We have confidence in the WaveSplitter management team, their product vision and the customer relationships they have developed. We firmly believe WaveSplitter will be very successful when the optical networking market recovers.”WaveSplitter Technologies Inc.Mayfield FundNIF Ventures