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Salira Optical Networks Systems Secures $7 Million

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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...Read full article

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    Published: February 2002
    industrialNews & Features

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