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DWDM

Clarendon Raises Cash, Opens HQ

BOSTON -- Clarendon Photonics, Inc., developer of planar integrated DWDM components for optical networks, today announced the opening of its new corporate headquarters in Newton, Massachusetts. The leased 24,000 square foot facility will include research & development labs, office space, and assembly & test facilities that will support initial pilot production.

The opening of Clarendon's new headquarters follows recent equity financing of $18 million from leading start-up venture investors in the telecommunications industry. Investors include Sevin Rosen Funds, http://www.srfunds.com; New Enterprise Associates (NEA), http://www.nea.com; Vortex Partners, http://www.vortexpartners.com; and Ampersand Ventures, http://www.ampersandventures.com. The company is positioned for rapid growth from a venture backed start-up to a manufacturer of telecommunications components. In addition to its new facility investment, Clarendon is acquiring top technical talent for research & development and for the packaging and reliability testing of its devices.

http://www.clarendonphotonics.com
heavyreading 12/4/2012 | 8:47:16 PM
re: Clarendon Raises Cash, Opens HQ this photonics deal as well.
corpcash 12/4/2012 | 8:47:07 PM
re: Clarendon Raises Cash, Opens HQ Why do you say that?
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