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DigiLens Lands an Additional $14.5 Million in Capital Funding

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SUNNYVALE, Calif., June 27 -- DigiLens Inc., a developer of active optical components for the telecommunications industry, announced the closing of a credit facility of $14.5 million from European Venture Partners, GATX Ventures, Transamerica Finance, Silicon Valley Bank and Finova Capital. DigiLens has allocated the funds for acquiring new capital equipment.
    This financing brings the total capital raised to date by DigiLens to more than $81 million. Previous investors include Crescendo Ventures, Science Applications International Corporation (SAIC), CitiGroup Investments, Alta Partners, Apex Investment Partners, Amadeus Capital Partners, Noro-Moseley, BCI Partners, Vision Capital, Keystone Venture Capital and Johnson and Johnson.
    "We're pleased that these financial partners have supported our business development needs and underwritten our volume manufacturing line," said Greg Patti, chief financial officer for DigiLens. "This capital will help finance our wafer-scale manufacturing equipment in our new photonics fabrication facility. We are encouraged by the confidence this group of blue chip investors have shown in our business plans."

Photonics.com
Jun 2001
CommunicationsindustrialNews & Features

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