HarbourVest Partners led the Series B financing round for the startup subsystem vendor

February 26, 2001

1 Min Read

SAN JOSE, Calif. -- Onetta, Inc., (www.onetta.com), an emerging leader in the optical networking industry, announced today it has secured $56 million in Series B financing. HarbourVest Partners led the financing round, with additional investments from Sumitomo Corporation, J.P. Morgan H&Q, J.&W. & Seligman and Series A investors, Sequoia Capital and Matrix Partners. Onetta will use the funding to expand production capacity of high-end intelligent optical amplifiers and next-generation intelligent optical engines.

"We are convinced Onetta has a huge opportunity to grow and prosper in this emerging optical networking market. Their cutting edge technology and delivery of next-generation intelligent optical engines makes them a very attractive investment partner for our firm," said Ofer Nemirovsky, HarbourVest Partners. HarbourVest, the lead investor in this round of funding, is a global private equity investment firm with extensive experience working with early-stage technology companies.

http://www.onetta.com

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