OneChip Photonics Raises $19.5M

Funding will enable company to deliver the only fully integrated FTTH transceiver technology on the market and expand its operations globally

March 18, 2009

1 Min Read

OTTAWA -- OneChip Photonics today announced that it has secured $19.5 million in venture capital financing from leading Canadian and U.S. investors, including BDC Venture Capital, DCM, GrowthWorks Canadian Fund and Morgenthaler Ventures. This funding will enable the company to expand its operations globally and deliver the only fully integrated Fiber-to-the-Home (FTTH) transceiver technology on the market, which will provide higher performance than competing solutions at significantly lower cost.

"OneChip is well positioned to help system providers and carriers deploy FTTH more cost-effectively than ever before – and meet consumer and business demand for high-bandwidth voice, data and video services," said Jim Hjartarson, CEO of OneChip Photonics. "OneChip is one of only a few companies with new core intellectual property and advanced technology in the optical transceiver business that can sustain a competitive advantage over other optical component providers, which rely on conventional technology and assembly processes."

OneChip Photonics Inc.

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