Genoa Announces Product, Funding
"As the expansion of optical networks into metro applications gains momentum," said Scott Clavenna, president of PointEast Research, LLC, "an effective, low-cost, distortion-free means to amplify light is becoming crucial. Network equipment manufactures do not have the luxury of using current technology, which is often mismatched both technically and economically with the needs of the metro service providers. Orders of magnitude reductions in cost, footprint, and power are needed almost immediately."
In a separate release:
Genoa Corporation, a next-generation optical semiconductor company in Fremont, CA, announced today that it has raised an additional $75 million. Investors in this funding round include August Capital, Bessemer Venture Partners, Global Crossing, Investor AB, Levensohn Capital, Meritech Capital Partners, Oak Investment Partners, and WorldCom Ventures. This brings total funding for the company to approximately $95 million.