Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Coriolis Nets $20 Million in Second-Round Funding

Photonics.com
Aug 2000
BOXBOROUGH, Mass., Aug. 23 -- Coriolis Networks Inc. has recently ended a $20-million second-round venture investment.
So far, the company has brought in a total of $28.5 million in investments. Contributors in the most recent round of funding included existing investors Bessemer Venture Partners, New Enterprise Associates and Columbia Capital. New investments came from the Boston University Community Technology Fund. Coriolis will use the money to keep on producing and developing metro-optical equipment for fiber-based network service providers.
This second round of venture funding fortifies Coriolis' business strategy and equipment development to help us move into the next phase of our corporate development, said Robert L. Castle, president and CEO of Coriolis. Coriolis is committed to providing facilities-based carriers with metro optical solutions that increase revenues and reduce the overall cost of ownership and management.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.