SUNNYVALE, Calif. -- MEMX announces the appointment of Mike Hodges as President and CEO. Mike, a seasoned veteran of telecom startups, has an extensive track record in the formation and growth of successful optical companies. He has served as CEO, during the formative stages, of companies such as Onetta, Tellium, Bandwidth9 and Biometric Imaging. In 2000, Mr. Hodges served as CEO of Onetta growing the company to 100 people and in 1999 served as CEO of Tellium growing the company to a staff of 140 and in both cases brought the companies to the point of first revenue. “I have spent a number of years involved in both MEMS and electrical-optical switching. The technology resident at MEMX has an incredible depth and flexibility that will enable the gradual transition from the current generation of electrical switches to all-optical switches”, Hodges says.MEMX also announces a new funding round, including investments from Sequoia Capital, Austin Ventures, TMA Ventures, and Council Ventures (www.sequoiacap.com, www.austinventures.com, & www.councilventures.com). “After thoroughly investigating all the opportunities available in the MEMS area, Sequoia chose to invest in MEMX due to its extensive technology and diverse application potential. We are also fortunate to have been able to recruit Mike Hodges who as CEO has helped launch two other successful Sequoia companies,” according to Chris Rust, a Partner at Sequoia Capital. MEMX Inc.