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Funding for startups

Qusion Raises $9.25 Million

NEW YORK -- Wasserstein Ventures today announced that it is co-leading a $9.25 million venture capital round in Qusion Technologies, a South Brunswick, N.J.-based manufacturer of monolithically integrated optical components for high speed networking systems. Wasserstein Ventures is a lead investor in Qusions’s latest round of financing with Vantage Point Venture Partners. Also investing is WR Hambrecht. George Lauro, Managing Director at Wasserstein Ventures, will join the Board of Directors of Qusion Technologies. He is a director on the boards of seven companies in the Internet infrastructure, photonics and communications IC space, to which he brings 15 years of experience developing, launching and managing technology businesses for IBM and Motorola.

“Wasserstein Ventures believes that Qusion’s many innovations in monolithic electro-optical system architectures, advanced materials and fabrication processes have enormous commercial potential. Qusion’s products will offer system developers higher speed and performance at very low power, cost and size,” Lauro said. “We are delighted to work with CEO Fred Rappaport and the team toward building Qusion into a major photonics vendor.”

http://www.qusiontech.com
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