Aegis Raises $8M

Aegis announced the closing of $8 million in Series D financing, bringing the company’s total investment to more than $30 million

March 1, 2006

1 Min Read

WOBURN, Mass. -- Aegis Semiconductor, a leader in cost-effective optical channel monitors for fiber-optic communication networks, today announced the closing of $8 million in Series D financing, bringing the company’s total investment to more than $30 million.

The round of financing was completed with participation from existing investors including Vesbridge Partners, Alta Partners, Technology Venture Partners and Megunticook Management. The capital investment will be used to expand capacity in response to growing customer demand for DWDM channel monitors and to augment the product platform.

“Aegis has experienced solid revenue growth and has established a clear leadership position in the monitoring market,” said Raj Alur, managing director at Vesbridge Partners. “This management team has demonstrated its strong ability to execute and we look forward to the next phase of the company’s growth.”

The demand for Aegis’ low-cost channel monitor technology has accelerated dramatically, fueled by carriers’ deployments of Re-configurable Optical Add-Drop Multiplexer (ROADM) systems, multi-haul (or multi-reach) DWDM systems and transparent optical network architectures that support third party (or “alien”) wavelengths.

"ROADMs are taking center stage in the latest carrier RFPs, and yet providers are looking for lower-priced ROADM-enabled equipment," said Michael Howard, principal analyst at Infonetics. "An essential part of every ROADM is the channel monitoring function that prevents wavelength collision between added and express wavelengths, tracks wavelength routing in multi-degree configurations, and provides feedback to the VOAs that equalize the DWDM spectrum. Low cost DWDM channel monitors are essential to make ROADM solutions economically viable."

Aegis Lightwave Inc.

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