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iPhotonics Gets $28.9 Million in Funding

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GLEN BURNIE, Md., Oct. 11 -- iPhotonics closed its third round of funding with $29 million in funding led by Bowman Capital, a Silicon Valley investment firm. Abell Ventures, an ongoing supporter of iPhotonics, also contributed to the company's latest round of funding along with Cisco Systems, Weiss and Peck & Greer Venture Partners among others. iPhotonics is a supplier of optical integration services. In addition, iPhotonics closed on a loan facility with VentureBank@PNC totaling $5 million. The company will use the funding to finance future growth in revenues, as well as add...Read full article

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    Published: October 2000
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