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Optical/IP

Gemfire Raises $63 Million

PALO ALTO, Calif. -- Gemfire, an integrated photonics company, today announced that it has raised over $63 million in its Series C round of funding, bringing the total investment in the company to date to over $85 million. Industry leaders Cisco Systems, Corning, Finisar, Intel Capital and TriQuint Semiconductor, led the company’s most recent round with additional investments from venture capital firms Hook Partners, Kleiner Perkins Caufield & Byers, Mohr Davidow Ventures and Spring Creek Partners. Specific terms of each investment were not disclosed.

“We are very gratified to have such a strong group of investors who recognize that the issues Gemfire is focused on solving at the component level are key to making new optical networking technologies easier to implement,” said Richard Tompane, president and CEO of Gemfire. “Our PhotonIC platform, which is the foundation for all of our integrated component devices, together with our materials engineering expertise and automated alignment and packaging technology will create more cost effective and vastly more scalable solutions for network system providers.”

http://www.gemfire.com
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