AOptix Closes $42M Funding Round
CAMPBELL, Calif., Aug. 24, 2012 — Privately held AOptix Technologies Inc. has closed a $42 million Series E funding round, bringing total investment in the company to date to $123 million. The proceeds will support product development, sales and marketing for the launch of its new products.
AOptix’s existing investors — Clearstone Venture Partners, DAG Ventures, Kleiner Perkins Caufield & Byers, Northgate Capital and W Capital Partners — participated in this round and were joined by a new investor, True Ventures.
The company’s founders originally invented adaptive optics technologies to help astronomers see farther into space. AOptix later leveraged that technology by working with DARPA and the military to develop advanced mobile wireless networks for high-speed air-to-ground and air-to-air communications.
Today, the company provides products for automated identity verification using iris recognition and a range of other biometric techniques for aviation security and immigration control.
“We’re seeing strong traction in the market with our current solutions because we’re able to effectively solve difficult technological and business problems that have broad impact on people, such as passenger congestion at international airports or bandwidth constraints on mobile networks,” said CEO Dean Senner. “As we continue to grow and innovate, we’re pleased with the strong support of our investors who recognize the tremendous opportunities ahead.”
For more information, visit: www.aoptix.com
- adaptive optics
- Optical components or assemblies whose performance is monitored and controlled so as to compensate for aberrations, static or dynamic perturbations such as thermal, mechanical and acoustical disturbances, or to adapt to changing conditions, needs or missions. The most familiar example is the "rubber mirror,'' whose surface shape, and thus reflective qualities, can be controlled by electromechanical means. See also active optics; phase conjugation.
- The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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