$75M Goes to Lightwave Microsystems

Integrated optical component supplier closes a round of financing led by Meritech Capital Partners

October 31, 2000

1 Min Read

SAN JOSE, Calif. -- Lightwave Microsystems Corporation, a leading integrated optical component supplier announced today that it has closed a round of financing totaling $75 million. Led by existing investor, Meritech Capital Partners, this round of financing also includes participation from new investors Putnam Investments and Essex Investment Management Company. The financing was also supported by returning investors Chase H&Q, Draper Fisher Jurvetson, Information Technology Ventures, Morgenthaler Ventures, Oak Investment Partners, Lightspeed Venture Partners (formerly Weiss Peck & Greer Ventures), Worldview Technology, Robertson Stephens & Co., First Analysis of Chicago, Stanford University, and Comdisco. The capital is targeted for increased manufacturing expansion and the acceleration of new product development.

"We see Lightwave Microsystems emerging as one of the leading manufacturers of Arrayed Waveguide Grating DWDM products. The company continues to exceed our expectations through a combination of excellent management and manufacturing expertise. We recognize the opportunity Lightwave has to grow their competitive lead and are delighted to maintain our support of this company", said Rob Ward, vice president of Meritech Capital Partners.


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