Luxtera Raises $21.7M

CARLSBAD, Calif. -- Luxtera, the worldwide leader in Silicon CMOS Photonics, today announces the closing of a $21.7 Million C round of financing. Participation in the C round includes inside investment for NEA, August Capital, Sevin Rosen, Funds, and Lux Capital, as well as new investment from Tokyo Electron, and personal investment from an industry titan.

In addition, Luxtera adds Martin Colombatto to its board of directors. Colombatto most recently served as the CEO and president of Staccato Communications, a San Diego-based Ultra Wide Band (UWB)/ wireless USB company. Prior to Staccato, Colombatto served as the vice president and general manager of Broadcom’s Networking Business Unit. During Colombatto’s tenure at Broadcom, he established and managed a business that generated more than $400 million in revenue over a four year period. As a corporate officer and member of the executive staff, he led the acquisition of five companies that were integrated into his business and formed the technology and product foundation for future revenue growth.

Quotes

“This is an exciting time for Luxtera and I am honored to be joining an organization that is seeding technology poised to be as disruptive as the mass production of CMOS photonics in silicon,” said Colombatto. “There is incredible talent at Luxtera and I look forward to helping to shape this defining industry transition as Silicon CMOS Photonics overcomes the limitations of copper interconnect.”

Luxtera Inc.