NanoOpto Nets $3.3 M Series B Funds

SOMERSET, N.J., Aug. 9, 2004--NanoOpto Corp., which is developing nanofabrication technology to produce optical components and systems, announced that it has closed on an additional $3.3 million in venture financing, completing the final phase of its Series B round. The funding is from existing equity partners Morgenthaler Ventures, US Trust's Excelsior Venture Partners III LLC, Draper Fisher Jurvetson Gotham Ventures, New England Ventures, Bessemer Venture Partners and the Harris & Harris Group., which increased its share. This rounds brings the total financing raised by NanoOpto to date to $30.3 million.

NanoOpto is currently sampling and shipping its technology for a wide variety of markets, including optical disk drives, digital imaging, projection displays and telecommunications.

The company said its nanometer-scale optical function design capability combined with wafer-based manufacturing methods deliver optical components that allow more rapid prototyping, higher performance and lower overall system cost.

For more information, visit: www.nanoopto.com