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Salira Optical Networks Systems Secures $7 Million

Photonics.com
Feb 2002
SANTA CLARA, Calif., Feb. 28 -- Salira Optical Network Systems Inc. announced it raised $7 million in new equity and debt financing. The new funding closes a Series B round of $22.1 million and brings the total investment in Salira to $29.1 million. Sofinnova Ventures is the latest investor to participate in Salira's Series B round, which was led by Mobius (formerly Softbank) Venture Capital. Pac Rim Venture Partners and Manitou Ventures also participated in the official closing of the round. Salira also disclosed that it has secured a $2 million revolving credit facility from Heller Financial, a division of GE Capital.

Salira also announced that it has moved its headquarters from San Jose to a larger facility in Santa Clara that features a systems integration and test center for manufacturing and quality assurance and four times as much lab space. The company also moved its administrative, operations, marketing and sales activities to the new facility, at 5451 Patrick Henry Drive, Santa Clara, California 95054.



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