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Optical Switch Corp. Raises $58 Million

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RICHARDSON, Texas, April 13 -- Optical Switch Corp. has received $58 million from a strategic investor and several financial institutions. The company's investors include ADC Ventures, JT Venture Partners LLC, KMF Partners LP, Petros Capital LLC, Putnam Investment Management Inc., Tudor Investment Corp. and Wellington Management Co. LLP. The company said previous rounds were funded primarily by affiliates of William K. Woodruff, III, who raised the initial $3.25 million in seed capital for Ciena Corp. in 1994. Optical Switch is making significant strides in the development of...Read full article

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    Published: April 2000
    CommunicationsNews & Features

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