Capella Photonics Funding Round Nets $6 M

SAN JOSE, Calif., Oct. 22 -- Capella Photonics Inc., a maker of wavelength selective switch modules for use in reconfigurable optical add/drop multiplexer and optical cross-connect applications, announced today it has received $6 million in its series C financing round.

Participants in the round include new investor Horizon Technology Finance; previous investors Bay Partners, Vanguard Ventures and BCE Capital; and several private investors. Capella said the funds will be used for marketing and sales.

"Successful completion of customer trials in both North America and Europe has opened exciting growth opportunities for Capella," said Joseph Davis, president and CEO.

Capella also announced Ken Falta has been appointed vice president of sales. He was formerly vice president of OEM sales at Glimmerglass, director of worldwide sales at OMM and held various sales and management positions at Lucent's Optoelectronics Division and General Instrument (now Motorola). The company said Falta will direct the development and implementation of marketing and sales operations in its efforts to advance the market for wavelength selective switches. Capella's WavePath portfolio includes long haul, regional and metropolitan optical network products.

For more information, visit: www.capellaphotonics.com