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Optical/IP

Ondax Secures $7.5M Funding Round

MONROVIA, Calif. -- Ondax, Inc., (http://www.ondax.com) today announced the closing of $7.5 million in series A financing led by Mellon Ventures, Inc. Additional investors include Alcatel Ventures, Corning Innovation Ventures, a division of Corning Incorporated, Gabriel Venture Partners and AM Venture Partners. Headquartered in Monrovia, Calif., Ondax develops and manufactures all-optical advanced Dense Wavelength-Division Multiplexing (DWDM) components. Ondax officials say the company’s patented technology will enable equipment manufacturers and service providers to build low cost agile optical networks.

“We believe that wavelength flexibility is a key ingredient in future optical networks. The technology being developed by Ondax is aimed at being among the first to provide practical and functional tunable filters to create that flexibility “ said Greg Smith, President, Corning Innovation Ventures.

http://www.ondax.com
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