Luxtera Funding Round Nets $22M

CARLSBAD, Calif., March 27, 2006 -- Luxtera Inc., a developer of silicon (CMOS) photonics products, recently closed a $22 million Series C investment from new corporate sources and returning investors, including New Enterprise Associates, Sevin Rosen Funds, August Capital and Freescale Semiconductor.

Edward (Ted) P. Holtaway was named senior vice president of operations as of Feb. 27. Holtaway was the former executive vice president of corporate operations for Cymer, supplier of excimer light sources for lithography. Previously, he spent 13 years with San Diego-based Brooktree Corp., a fabless semiconductor company acquired by Rockwell Semiconductor Systems in 1996.

Luxtera, a spinoff of the California Institute of Technology, claims that its optical modulator for transforming electrons into photons runs at 10 GHz. It said it hopes to enter production of photonic devices using standard CMOS manufacturing processes beginning in mid-2006.

For more information, visit: www.luxtera.com