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Santur secures $23M in second round of financing, led by Thomas Weisel Venture Partners and including all previous investors
June 26, 2002
FREMONT, Calif. -- Santur Corporation, a privately held vertically integrated optical components company, today announced the completion of its second round of venture financing, which netted $23 million. Thomas Weisel Venture Partners led the round, with all previous venture capital investors, including Sequoia Capital and Menlo Ventures, as well as strategic investors, contributing. Santur will use the second-round capital to complete Telcordia qualification of its initial product - the TL1010-C tunable laser - as well as to accelerate product delivery and development of its tunable laser solutions. Founded in November 2000, Santur has introduced a radically different, next-generation tunable transmission laser that lacks the complexity and high cost of competing tunable laser products. Santur's TL-1000 line of tunable lasers provide DFB-like performance delivering high power and excellent reliability, all at a cost comparable to present fixed wavelength DFBs. Santur's products will help service providers deliver high-bandwidth services with greater network flexability and reduce total network operating costs. "Carriers as well as equipment vendors are very interested in tunable components that enable lower costs and higher flexibility for optical networks" said Andy Sessions, partner, Thomas Weisel Venture Partners. "Santur has a highly differentiated solution that is cost-effective and easily manufacturable, while at the same time offering best-in-class performance." Santur Corp.
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