OptiMight Secures Another $32 Million for Systems Development
MT. VIEW, Calif., June 1 -- In a second round of financing from high-tech venture capital firms, OptiMight Communications Inc. has received $32 million in financing from high-tech venture capital firms. Due to the new investments, OptiMight's financing has reached a total of $37.5 million.
Leading this new wave of equity participation is Worldview Technology Partners followed closely by Meritech Capital Partners, Vertex Management Inc., Lucent Venture Partners Inc., Hook Partners and Thomas Weisel Partners LLC. Returning investors include Brentwood Venture Capital and Venrock Associates.
According to the company, OptiMight is striving to enhance carrier core transport networks by eliminating expensive electronic conversion and regeneration while offering greater capacity through the development of scalable dense-wave-division multiplexing (DWDM) transmission systems. These systems allow for all-optical, multi-terabit transmission over great distances at speeds of 10 Gb/s or more.
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