Redfern Raises $6.2M

Redfern Integrated Optics secures $6.2M in financing; appoints new board members

July 12, 2005

1 Min Read

SANTA CLARA, Calif. -- Redfern Integrated Optics, Inc. (RIO), a developer and manufacturer of low-cost, high-performance optical transmitters for the telecommunications and data transmission markets, today announced that it has secured $6.2 million in financing. The financing was provided by Advent International, Tallwood Venture Capital, TMT Ventures and Redfern Photonics Pty Ltd. In connection with the financing, Leigh Michl, Dado Banatao and Paul van Tol joined RIO’s board to represent Advent, Tallwood and TMT Ventures, respectively.

"In addition to the customer validation that RIO has secured to date and the development of the 10G market, this financing puts us in an excellent position to capitalize on our breakthrough platform technology,” said Radu Barsan, president and CEO of RIO. “Such financial support represents a significant endorsement of RIO’s value proposition and will enable us to continue to meet the growing needs of our customers for high-performance, low-cost 40/80km and DWDM XFP-compatible TOSAs.”

Funding from this round will enable RIO to complete the development and qualification of the first line of products, broaden its product portfolio and ramp manufacturing.

“RIO’s technology addresses a broad market, utilizing standards such as XFP, X2 and XENPAK – we recognize the company’s potential to become a crucial player as it continues to grow and gain market traction,” said Leigh Michl, partner at Advent International. “We have been extremely impressed with RIO’s execution in this dynamic environment.”

Dado Banatao, managing partner at Tallwood Venture Capital, is equally enthusiastic about RIO’s opportunity: "As a pioneer in planar photonic integration technologies, RIO is well positioned to become a market leader in high-performance low-cost miniature optical transmission modules.”

Redfern Integrated Optics

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